Worldnets Synergy Foundation Inc

Analysis

Worldnets Synergy Foundation Inc is a registered charity in United States, based in Guaynabo, PR. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2024, Worldnets Synergy Foundation Inc reported income of $143k and spending of $134k, spending 93% of its income. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Worldnets Synergy Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 32nd percentile within PR. Charities of a similar size with the same main cause include Morro Bay Community Quota Fund ($143k), Venture Partners Education and Career Development ($143k) and Freewishes Foundation Inc ($143k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (64% of expenses). At year end it held assets of $16k against liabilities of $6,272, net assets of $9,425. It reported 1 employees.