World Associates Ltd

Analysis

World Associates Ltd is a registered charity in United States, based in Toccoa, GA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Associates Ltd reported income of $619k and spending of $716k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $619k (+165%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, World Associates Ltd sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Fundacion Cortes Inc ($619k), Romanian-American Mission Inc ($619k) and Mission Global USA ($618k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 20% of the total. Other salaries and wages came to $307k. At year end it held assets of $276k against liabilities of -$5,563, net assets of $282k.