World Education Services Inc

Analysis

World Education Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1981, 45 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, World Education Services Inc reported income of $99.9m and spending of $91.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $84.3m to $99.9m (+19%), an average of +4.3% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 77% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, World Education Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Brothers Brother Foundation ($99.4m), Freedom House Inc ($103.8m) and Center for Strategic and International Studies Inc ($98.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $4.5m (4.9% of expenses). Other salaries and wages came to $38.5m. At year end it held assets of $233.1m against liabilities of $32.0m, net assets of $201.1m. It reported 283 employees.