Worthwhile Wear Inc

Analysis

Worthwhile Wear Inc is a registered charity in United States, based in Collegeville, PA. It received its IRS tax-exemption ruling in December 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Worthwhile Wear Inc reported income of $3.1m and spending of $2.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $865k to $3.1m (+259%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Worthwhile Wear Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Concept Foundation ($3.1m), Hellenic Initiative Inc ($3.1m) and International Funders for Indigenous Peoples ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $150k (5.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.4m against liabilities of $27k, net assets of $1.4m. It reported 104 employees.