Worldcast Ministries

Analysis

Worldcast Ministries is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Worldcast Ministries reported income of $935k and spending of $897k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $907k to $935k (+3.0%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Worldcast Ministries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Congregation Har Shalom ($934k), Haiti180 Inc ($935k) and Living Church Foundation Inc ($934k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $98k (11% of expenses). Other salaries and wages came to $82k. At year end it held assets of $349k against liabilities of $17k, net assets of $332k. It reported 6 employees.