Worldbuilders Inc

Analysis

Worldbuilders Inc is a registered charity in United States, based in Stevens Point, WI. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2023, Worldbuilders Inc reported income of $405k and spending of $344k, spending 85% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $832k to $405k (-51%), an average of -16% a year. The sharpest change came in the year to July 2022, when income rose by 65%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Worldbuilders Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Citizens Foundation ($405k), Urban Family Sports Inc ($405k) and Day Spring Foundation Inc ($405k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $88k. At year end it held assets of $1.2m against liabilities of $493k, net assets of $707k. It reported 8 employees.