Worlds Of Opportunity Foundation
Worlds Of Opportunity Foundation faces persistent operating deficits and negative net assets despite consistent revenue.
EIN: 204487817 · Philadelphia, PA · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $-1,663,172 |
| Transparency Score | 65/100 |
Is Worlds Of Opportunity Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Worlds Of Opportunity Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Worlds Of Opportunity Foundation
Worlds Of Opportunity Foundation (EIN: 204487817) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code B11. The organization reported total revenue of $1.6M and total assets of $20.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worlds Of Opportunity Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worlds Of Opportunity Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-201,491 |
| Total Assets | $20.7M |
| Total Liabilities | $22.3M |
| Net Assets | $-1,663,172 |
| Operating Margin | -12.7% |
| Debt-to-Asset Ratio | 108.1% |
| Months of Reserves | 138.3 months |
Financial Health Grade: C
In 2023, Worlds Of Opportunity Foundation reported a deficit of $201K with expenses exceeding revenue, holds 138.3 months of operating reserves (strong position), has a debt-to-asset ratio of 108.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Worlds Of Opportunity Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | +0.1% | -4.1% |
| 2022 | +2.2% | +7.7% | -9.4% |
| 2021 | -5.7% | +6.4% | -0.3% |
| 2020 | +0.7% | -12.0% | +9.0% |
| 2019 | +29.4% | +35.9% | +51.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Worlds Of Opportunity Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Worlds Of Opportunity Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $201K, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officer salaries were paid, which is highly unusual for an organization of this size with over $1.5 million in annual expenses.
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 Worlds Of Opportunity Foundation's IRS 990 filings:
- Persistent operating deficits (expenses exceeding revenue in most recent years, e.g., $1,791,879 expenses vs. $1,590,388 revenue in 2023).
- Negative net asset position (liabilities consistently exceed assets, e.g., $22,318,272 liabilities vs. $20,655,100 assets in 2023).
- Declining asset base since 2020 ($23.8M in 2020 to $20.6M in 2023).
Strengths
The following positive indicators were identified for Worlds Of Opportunity Foundation:
- Consistent revenue generation, averaging around $1.5 million annually.
- Reported 0% officer compensation across all filings, indicating transparency in executive pay.
Frequently Asked Questions about Worlds Of Opportunity Foundation
Is Worlds Of Opportunity Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Worlds Of Opportunity Foundation (EIN: 204487817) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Worlds Of Opportunity Foundation spend its money?
Worlds Of Opportunity Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Worlds Of Opportunity Foundation tax-deductible?
Worlds Of Opportunity Foundation is registered as a tax-exempt nonprofit (EIN: 204487817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Worlds Of Opportunity Foundation CEO make?
Worlds Of Opportunity Foundation's highest-compensated officer earns $1.5 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Worlds Of Opportunity Foundation's spending goes to programs?
Worlds Of Opportunity Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Worlds Of Opportunity Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Worlds Of Opportunity Foundation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Worlds Of Opportunity Foundation located?
Worlds Of Opportunity Foundation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 204487817. It is classified under NTEE code B11.
How many years of IRS 990 filings does Worlds Of Opportunity Foundation have?
Worlds Of Opportunity Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
Is Worlds Of Opportunity Foundation a good charity?
Worlds Of Opportunity Foundation exhibits a mixed financial picture. While it maintains consistent revenue and reports 0% officer compensation, its persistent operating deficits and negative net asset position (liabilities exceeding assets, e.g., $22.3M liabilities vs. $20.6M assets in 2023) are significant concerns for long-term sustainability. A deeper dive into the nature of its liabilities and program effectiveness would be necessary to fully assess its 'goodness'.
Why are the organization's liabilities consistently higher than its assets?
The consistent trend of liabilities exceeding assets (e.g., $22,318,272 liabilities vs. $20,655,100 assets in 2023) suggests that the organization may be carrying significant debt or other financial obligations that are not fully covered by its current assets. This could indicate reliance on borrowed funds or specific types of restricted assets that don't offset general liabilities.
How does the organization cover its operating deficits?
With expenses consistently exceeding revenue (e.g., $1,791,879 expenses vs. $1,590,388 revenue in 2023), Worlds Of Opportunity Foundation is likely covering its operating deficits by drawing down on its existing assets or through other non-operating income sources not detailed in the provided summary, which is not sustainable in the long run.
Filing History
IRS 990 filing history for Worlds Of Opportunity Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Worlds Of Opportunity Foundation's revenue has grown by 19.3%, moving from $1.3M to $1.6M. Total assets increased by 16% over the same period, from $17.8M to $20.7M. Total functional expenses rose by 18.4%, from $1.5M to $1.8M. In its most recent filing year (2023), Worlds Of Opportunity Foundation reported a deficit of $201K, with expenses exceeding revenue. The organization holds $22.3M in liabilities against $20.7M in assets (debt-to-asset ratio: 108.1%), resulting in net assets of $-1,663,172.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.8M | $20.7M | $22.3M | — | — |
| 2022 | $1.6M | $1.8M | $21.5M | $23.0M | — | View 990 |
| 2021 | $1.5M | $1.7M | $23.8M | $25.0M | — | View 990 |
| 2020 | $1.6M | $1.6M | $23.9M | $25.0M | — | View 990 |
| 2019 | $1.6M | $1.8M | $21.9M | $23.1M | — | View 990 |
| 2018 | $1.2M | $1.3M | $14.5M | $15.5M | — | View 990 |
| 2017 | $1.3M | $1.3M | $14.9M | $15.8M | — | View 990 |
| 2016 | $1.3M | $1.4M | $15.3M | $16.2M | — | View 990 |
| 2015 | $1.3M | $1.5M | $15.8M | $16.6M | — | View 990 |
| 2014 | $1.3M | $1.5M | $16.2M | $16.9M | — | View 990 |
| 2013 | $1.4M | $1.7M | $16.7M | $17.2M | — | View 990 |
| 2012 | $1.2M | $1.5M | $17.3M | $17.5M | — | View 990 |
| 2011 | $1.3M | $1.5M | $17.8M | $17.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.8M, and assets of $20.7M (revenue +1.5% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.8M, and assets of $21.5M (revenue +2.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.7M, and assets of $23.8M (revenue -5.7% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $23.9M (revenue +0.7% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.8M, and assets of $21.9M (revenue +29.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $14.5M (revenue -4.6% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $14.9M (revenue -0.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $15.3M (revenue +1.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.5M, and assets of $15.8M (revenue -2.4% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.5M, and assets of $16.2M (revenue -3.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.7M, and assets of $16.7M (revenue +9.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.5M, and assets of $17.3M (revenue -6.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.5M, and assets of $17.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worlds Of Opportunity Foundation:
Data Sources and Methodology
This transparency report for Worlds Of Opportunity Foundation 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.