World Innovations Network

Analysis

World Innovations Network is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Innovations Network reported income of $173k and spending of $165k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $217k to $173k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, World Innovations Network 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 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Central Coast Economic Forecast ($173k), Tilden-Meadow Grove Capital Improvement Fund ($173k) and Aspire for Humanity Initiatives ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $36k against liabilities of $28k, net assets of $7,835.