Wadan Worldwide Inc

Analysis

Wadan Worldwide Inc is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in February 2022, 4 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, Wadan Worldwide Inc reported income of $119k and spending of $677k, spending 571% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $261k to $119k (-55%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 237% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wadan Worldwide Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include The Mental Health Association of Cleveland County Inc ($119k), Travis Fredericks Blocking Out Hunger Foundation Inc ($119k) and The Stand Up Veterans Foundation ($119k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $383k against liabilities of $0, net assets of $383k.