World Academy of Development

Analysis

World Academy of Development is a registered charity in United States, based in Yorba Linda, CA. It received its IRS tax-exemption ruling in May 2017, 9 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 Academy of Development reported income of $200k and spending of $194k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $64k to $200k (+214%), an average of +77% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, World Academy of Development sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include FF Realty Corporation ($200k), Word Game Players Organization ($200k) and Castleton Community Seniors Inc ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.