Theirworld USA Inc

Analysis

Theirworld USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Theirworld USA Inc reported income of $1.3m and spending of $2.1m, spending 161% of what it took in. Across the 6 years on record, from November 2019 to December 2023, income grew from $1.1m to $1.3m (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 3752%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Theirworld USA Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Blue Adobe Project ($1.3m), Fayetteville Technical Community College Foundation Inc ($1.3m) and Kor Education School ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $206k (10% of expenses). Other salaries and wages came to $615k. At year end it held assets of $2.1m against liabilities of $183k, net assets of $1.9m. It reported 7 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.