World Market Place Inc

Analysis

World Market Place Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, World Market Place Inc reported income of $286k and spending of $344k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $379k to $286k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, World Market Place Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Silent Voices ($286k), Wisconsin Environmental Initiative Inc ($286k) and Mobile Swim Association ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% of the total. Other salaries and wages came to $159k. At year end it held assets of $251k against liabilities of $104k, net assets of $148k. It reported 14 employees.