Better World Fund

Analysis

Better World Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2011, 15 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 2022, Better World Fund reported income of $4.2m and spending of $4.6m, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.2m to $4.2m (-0.3%), an average of -0.1% a year. Over the whole period it spent 114% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Better World Fund sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 78th percentile within DC. Charities of a similar size with the same main cause include Chabad Lubavitch Hospitality Center Eshel Hachnosas Orchim Inc ($4.2m), Numbersusa Education & Research Foundation ($4.2m) and Mully Childrens Family USA Inc ($4.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $139k (3.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.5m against liabilities of $5.2m, net assets of $2.3m. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.