World Community

Analysis

World Community is a registered charity in United States, based in Bedford, VA. It received its IRS tax-exemption ruling in May 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, World Community reported income of $316k and spending of $345k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $277k to $316k (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2020, when income rose by 60%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Community sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Sarasota-Manatee Association for Riding Therapy Inc ($316k), Blackshear Neighborhood Development Corporation ($316k) and American Legion ($316k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $30k (8.7% of expenses). Other salaries and wages came to $116k. At year end it held assets of $695k against liabilities of $0, net assets of $695k. It reported 12 employees.