Wordnet Inc

Analysis

Wordnet Inc is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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 June 2023, Wordnet Inc reported income of $231k and spending of $250k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $181k to $231k (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wordnet Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Top Hat 8 Repertory ($231k), American Recorder Society Inc ($231k) and Black Voice Foundation ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $101k. At year end it held assets of $1.2m against liabilities of $8,684, net assets of $1.2m. It reported 4 employees.