World Ark Mission Inc

Analysis

World Ark Mission Inc is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, World Ark Mission Inc reported income of $69k and spending of $96k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $257k to $69k (-73%), an average of -28% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, World Ark Mission Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include People Do Care Inc ($69k), Portage Food Pantry Inc ($69k) and LT Col Todd J Clark Memorial Golf Tournament ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $486k against liabilities of $0, net assets of $486k.

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.