Worldly Goods

Analysis

Worldly Goods is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Worldly Goods reported income of $93k and spending of $103k, spending 111% of what it took in. Across the 3 years on record, from July 2022 to July 2024, income fell from $124k to $93k (-25%), an average of -13% a year. The sharpest change came in the year to July 2023, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Worldly Goods sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include FR Justus Kabale Education Fund ($93k), Karate Can-Do Foundation ($93k) and Pregnancy Care Center of the Northern Big Country ($93k).

At year end it held assets of $192k against liabilities of $8,208, net assets of $184k.