World Basc Organization Inc

Analysis

World Basc Organization Inc is a registered charity in United States, based in Miami Springs, FL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Basc Organization Inc reported income of $1.1m and spending of $957k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $871k to $1.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, World Basc Organization Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include State University of New York at Binghamton Alumni Association Inc ($1.1m), Calhoun Education Foundation Corporation ($1.1m) and Covenant Academy Florida Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $252k (26% of expenses). Other salaries and wages came to $253k. At year end it held assets of $1.1m against liabilities of $167k, net assets of $927k. It reported 5 employees.