World Missions Advance Inc

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World Missions Advance Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

World Missions Advance Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around World Missions Advance Inc in one place.

Is World Missions Advance Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, World Missions Advance Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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World Missions Advance Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About World Missions Advance Inc

World Missions Advance Inc (EIN: 10596752) is a nonprofit organization based in Dallas, TX, classified under NTEE code X99. The organization reported total revenue of $935K and total assets of $566K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Missions Advance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

World Missions Advance Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, World Missions Advance Inc reported a surplus of $51K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), World Missions Advance Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates World Missions Advance Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, World Missions Advance Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $51K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.7%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of its size with revenues often exceeding $500,000, suggesting either a volunteer-led executive team or compensation structured outside of typical officer reporting.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of World Missions Advance Inc's IRS 990 filings:

• Lack of detailed expense breakdown (program, admin, fundraising) in provided data
• 0% officer compensation reported across all filings, which is unusual for an organization of this size and warrants further inquiry into leadership compensation structure.

Strengths

The following positive indicators were identified for World Missions Advance Inc:

• Consistent financial stability with low liabilities (e.g., $3,353 in 2023)
• Significant asset growth over time (from $66,803 in 2016 to $476,677 in 2023)
• Expenses generally well-managed relative to revenue (e.g., $773,284 expenses vs. $824,084 revenue in 2023)
• Long history of IRS 990 filings (13 filings), indicating transparency and compliance.

Frequently Asked Questions about World Missions Advance Inc

Filing History

IRS 990 filing history for World Missions Advance Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), World Missions Advance Inc's revenue has grown by 242.4%, moving from $241K to $824K. Total assets increased by 355.1% over the same period, from $105K to $477K. Total functional expenses rose by 226.7%, from $237K to $773K. In its most recent filing year (2023), World Missions Advance Inc reported a surplus of $51K, with revenue exceeding expenses. The organization holds $3K in liabilities against $477K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $473K.

Year-by-Year Financial Summary

• 2023: Revenue of $824K, expenses of $773K, and assets of $477K (revenue -23.8% year-over-year).
• 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $430K (revenue +69.8% year-over-year).
• 2021: Revenue of $637K, expenses of $641K, and assets of $548K (revenue +16.4% year-over-year).
• 2020: Revenue of $548K, expenses of $585K, and assets of $553K (revenue -13.5% year-over-year).
• 2019: Revenue of $633K, expenses of $652K, and assets of $587K (revenue +3.4% year-over-year).
• 2018: Revenue of $612K, expenses of $584K, and assets of $612K (revenue -29.5% year-over-year).
• 2017: Revenue of $868K, expenses of $352K, and assets of $582K (revenue +141.0% year-over-year).
• 2016: Revenue of $360K, expenses of $369K, and assets of $67K (revenue -24.8% year-over-year).
• 2015: Revenue of $479K, expenses of $493K, and assets of $76K (revenue -20.2% year-over-year).
• 2014: Revenue of $600K, expenses of $588K, and assets of $88K (revenue +76.8% year-over-year).
• 2013: Revenue of $340K, expenses of $360K, and assets of $79K (revenue +21.5% year-over-year).
• 2012: Revenue of $280K, expenses of $285K, and assets of $99K (revenue +16.1% year-over-year).
• 2011: Revenue of $241K, expenses of $237K, and assets of $105K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for World Missions Advance Inc:

Data Sources and Methodology

This transparency report for World Missions Advance Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.