World Wide Web Consortium Inc

Analysis

World Wide Web Consortium Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Wide Web Consortium Inc reported income of $7.1m and spending of $5.0m, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $7.1m (+12208%), an average of +12208% a year. The sharpest change came in the year to December 2023, when income rose by 12208%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Wide Web Consortium Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Dubuque County Historical Society ($7.1m), Theatre for a New Audience Inc ($7.1m) and Phoenix Performing Arts Center Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $946k (19% of expenses). Other salaries and wages came to $232k. At year end it held assets of $4.9m against liabilities of $3.0m, net assets of $1.9m. It reported 8 employees.