World Connect Inc

Analysis

World Connect Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2006, 20 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 (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, World Connect Inc reported income of $2.1m and spending of $2.7m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.1m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, World Connect Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Compassion First ($2.1m), Ten by Three ($2.1m) and Unlocking Communities ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $239k (9.0% of expenses). Other salaries and wages came to $795k. At year end it held assets of $1.4m against liabilities of $319k, net assets of $1.1m. It reported 6 employees.