World Mate Foundation Inc

Analysis

World Mate Foundation Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in October 2021, 5 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 Mate Foundation Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $979k to $1.0m (+4.9%), an average of +2.4% a year. 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, World Mate Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Fair Housing Resource Center ($1.0m), Daniel D Cantor Senior Center ($1.0m) and LA Casita Center Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $82k. At year end it held assets of $13k against liabilities of $0, net assets of $13k.