Better World Fund

Analysis

Better World Fund is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Better World Fund reported income of $84k and spending of $58k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $85k to $84k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Better World Fund sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Open Learning Exchange Inc ($84k), Tanzania Education Fund Inc ($84k) and Heart Smiles Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% of the total. At year end it held assets of $190k against liabilities of $11k, net assets of $180k.