World Trade Center Institute Inc

Analysis

World Trade Center Institute Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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 2023, World Trade Center Institute Inc reported income of $1.9m and spending of $2.5m, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.9m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Trade Center Institute Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Florida Bandmasters Association Inc ($1.9m), Center for Community Wealth Building ($1.9m) and Green Foothills Foundation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $520k (21% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.0m against liabilities of $957k, net assets of $3.1m. It reported 28 employees.