Worldwide Foundation for Credit Unions Inc

Analysis

Worldwide Foundation for Credit Unions Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 1966, 60 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 (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 Foundation for Credit Unions Inc reported income of $2.3m and spending of $3.5m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.3m (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Worldwide Foundation for Credit Unions Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Kuwait-America Foundation ($2.3m), International Student House Inc ($2.3m) and Institute for State Effectiveness ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. At year end it held assets of $3.5m against liabilities of $1.4m, net assets of $2.1m.