World Bank Community Connections Fund

Analysis

World Bank Community Connections Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2003, 23 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 June 2024, World Bank Community Connections Fund reported income of $402k and spending of $360k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $896k to $402k (-55%), an average of -18% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, World Bank Community Connections Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Gwinnett Tech Foundation Inc ($402k), Vba Education Foundation ($402k) and Portland Charter Partners ($401k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $626k against liabilities of $207k, net assets of $419k.