Worldwide Friends Foundation

Analysis

Worldwide Friends Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Worldwide Friends Foundation reported income of $14.4m and spending of $14.6m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.2m to $14.4m (+1100%), an average of +1100% a year. The sharpest change came in the year to December 2023, when income rose by 1100%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Worldwide Friends Foundation 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 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include The Global Foodbanking Network ($14.4m), Acled ($14.5m) and Center for New American Security Inc ($14.4m).

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 $42k. It paid $8,852 in professional fundraising fees. At year end it held assets of $2.9m against liabilities of $2.9m, net assets of $11k. It reported 4 employees.