Wldforce Inc

Analysis

Wldforce Inc is a registered charity in United States, based in Lafayette, CO. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wldforce Inc reported income of $310k and spending of $293k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $310k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wldforce Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Grace Extended Ministries Inc ($310k), Focus on Caring Inc ($310k) and Resources for Women Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $168k (57% of expenses). At year end it held assets of $90k against liabilities of $0, net assets of $90k.