Worldwide Initiatives for Grantmaker Support Inc

Analysis

Worldwide Initiatives for Grantmaker Support Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Worldwide Initiatives for Grantmaker Support Inc reported income of $4.1m and spending of $2.6m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $940k to $4.1m (+334%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Worldwide Initiatives for Grantmaker Support Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include John Volken Foundation ($4.1m), Lion Foundation ($4.1m) and The Kansas City Royals Foundation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $200k (7.7% of expenses). At year end it held assets of $4.3m against liabilities of $1.3m, net assets of $3.1m.