Worlds of Opportunity II

Analysis

Worlds of Opportunity II is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Worlds of Opportunity II reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $928k to $1.8m (+98%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 90%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Worlds of Opportunity II sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Cass District Library ($1.8m), Kentfield Schools Foundation ($1.8m) and New York Law Institute ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $23.8m against liabilities of $24.3m, net assets of -$535k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.