World of Giving Inc

Analysis

World of Giving Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in September 2013, 13 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 (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 of Giving Inc reported income of $20.9m and spending of $21.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $519k to $20.9m (+3933%), an average of +152% a year. The sharpest change came in the year to December 2020, when income rose by 4134%. Over the whole period it spent 95% 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 of Giving Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include International Community Foundation ($20.9m), National Gift Annuity Foundation ($21.0m) and United Way of Greater Charlotte ($20.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $222k. At year end it held assets of $4.7m against liabilities of $21k, net assets of $4.7m. It reported 12 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.