World Cube Association

Analysis

World Cube Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Cube Association reported income of $641k and spending of $236k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $353k to $641k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 50% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, World Cube Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include 261 Fearless Inc ($640k), Great Wolf Swim Club ($642k) and East Montgomery County Sports Association ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. At year end it held assets of $548k against liabilities of $0, net assets of $548k.