Worldwide Inventory Network Inc

Analysis

Worldwide Inventory Network Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in December 1991, 35 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 Inventory Network Inc reported income of $23.1m and spending of $34.4m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.0m to $23.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 113% 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 Inventory Network Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include Wyoming Community Foundation ($23.0m), Pratham USA ($23.1m) and Community Foundation of Acadiana ($22.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $215k (0.6% of expenses). Other salaries and wages came to $491k. At year end it held assets of $140.6m against liabilities of $1.1m, net assets of $139.5m. It reported 13 employees.

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.