Wonders & Worries Inc

Analysis

Wonders & Worries Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Wonders & Worries Inc reported income of $1.7m and spending of $2.0m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wonders & Worries Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include New Covenant Community Development Corp ($1.7m), Angel Charity for Children Inc ($1.7m) and Sojourner Project Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $102k (5.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.3m against liabilities of $189k, net assets of $1.2m. It reported 26 employees.