World Share USA FY2023 filing

Tax-deductible

Los Angeles, CA501(c)(3)InternationalEIN 82-3565232Revenue $142K in FY2023

On file with the IRS3123 W 8th St Ste 206, 90005-1948 · Los Angeles, CATax-exempt since Apr 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Provide relief of the poor, the distressed, or the underprivileged; advancement of education or science; and combating community deterioration and juvenile delinquency.

501(c)(3) charity; gifts are tax-deductible.
29¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $1 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
29%
of spending
Concern: 29% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$142K
+2% vs prior year
Spent
$123K
To programs
29%
Net assets
$50K
By yearFY2020–FY2024
Revenue
$142K
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$144K
FY2021$125K
FY2022$139K
FY2023$142K
FY2024$101K
Expenses
$123K
FY2023▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$140K
FY2021$132K
FY2022$118K
FY2023$123K
FY2024$137K
Net assets
$50K
FY2023▲ +62%
Tap a bar for its year
Net assets by fiscal year
FY2020$18K
FY2021$10K
FY2022$31K
FY2023$50K
FY2024$13K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

29 cents of each dollar spent went to programs.

Program services 29% · $36K Management & general 71% · $87K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
$20,500Pt VII · Sec A

Tae Gwang Kang’s $43K as President is at the 39th percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tae Gwang Kang$43,000$20,500$36,000$36,000$36,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Helps the poor, advances education, and combats community problems and youth crime.

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Provided by the organization

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1 program · $36K · in their own filed words · FY2023
01

Contribution

$36Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$20
Grants paid · 2 grants · $3K · 2023–2023
Unitemized GrantFY2023$3,100
Unitemized GrantFY2023$100

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$142K
Ln 12
Gifts and grantsLn 1h$142K
Money outPt IX
$123K
Ln 25
Programscol B$36K
Managementcol C$87K
Owns and owesPt X
$50K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$50K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$142K
Total revenueLn 12$142K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Land, buildings, equipmentLn 10c$203
Other assetsLn 15$850
Total assetsLn 16$50K
LiabilitiesLn 26$0
Net assetsLn 32$50K
OperationsPt I, VI
EmployeesI 51
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$7K$11K
Land, buildings, equipmentLn 10c$344$203
Total assetsLn 16$31K$50K
LiabilitiesLn 26$0$0
Net assetsLn 32$31K$50K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$11K$11K
Grants and assistance to foreign recipientsLn 3$21K$21K
Pay of current officers, directors and key staffLn 5$20K$0$20K$0
Other employee benefitsLn 9$1K$0$1K$0
Payroll taxesLn 10$2K$0$2K$0
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$17K$0$17K$0
Office expensesLn 13$3K$0$3K$0
TravelLn 17$35$0$35$0
Depreciation, depletion and amortizationLn 22$141$0$141$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$8K$0$8K$0
All other expensesLn 24e$29K$0$29K$0
Total functional expensesLn 25$123K$36K$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $101K$137K−$37K$13K 990 PDF
FY2023 Viewing $142K$123K$19K$50K 990 PDF
FY2022 $139K$118K$21K$31K 990 PDF
FY2021 $125K$132K−$8K$10K 990 PDF
FY2020 $144K$140K$4K$18K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $142,300 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $139,000$142,300
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $139,000$142,300
I-13 Grants and similar amounts paidPrior year $22,970$36,224
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $38,754$23,068
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $56,497$63,946
I-18 Total expensesPrior year $118,221$123,238
I-19 Revenue less expensesPrior year $20,779$19,062
Part VI · Governance 0 of 1 board members independent, 5 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $142,300 across 3 lines filed
VIII-1f All other contributions, gifts and grants$142,300
VIII-1h Total contributions, gifts and grants$142,300
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$142,300
Part IX · Statement of functional expenses $123,238 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $3,900$3,900
IX-2 Grants to domestic individualsPrograms $11,094$11,094
IX-3 Grants and assistance to foreign recipientsPrograms $21,230$21,230
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $20,500 · Fundraising $0$20,500
IX-9 Other employee benefitsPrograms $0 · Management $1,000 · Fundraising $0$1,000
IX-10 Payroll taxesPrograms $0 · Management $1,568 · Fundraising $0$1,568
IX-11c Accounting feesPrograms $0 · Management $3,925 · Fundraising $0$3,925
IX-12 Advertising and promotionPrograms $0 · Management $16,941 · Fundraising $0$16,941
IX-13 Office expensesPrograms $0 · Management $2,736 · Fundraising $0$2,736
IX-17 TravelPrograms $0 · Management $35 · Fundraising $0$35
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $141 · Fundraising $0$141
IX-23 InsurancePrograms $0 · Management $2,838 · Fundraising $0$2,838
IX-24 Other expenses (24a–d)Programs $0 · Management $7,927 · Fundraising $0$7,927
IX-24e All other expensesPrograms $0 · Management $29,403 · Fundraising $0$29,403
IX-25 Total functional expensesPrograms $36,224 · Management $87,014 · Fundraising $0$123,238
Part X · Balance sheet $49,828 assets, 8 lines filed
Asset lines not itemized here account for $37,400; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $7,172$11,375
X-10c Land, buildings and equipment, netStart of year $344$203
X-15 Other assetsStart of year $850$850
X-16 Total assetsStart of year $30,766$49,828
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $30,766$49,828
X-32 Total net assets or fund balancesStart of year $30,766$49,828
X-33 Total liabilities and net assetsStart of year $30,766$49,828
Part XI · Reconciliation of net assets $49,828 net assets at year end
XI-1 Total revenue$142,300
XI-2 Total expenses$123,238
XI-3 Revenue less expenses$19,062
XI-4 Net assets at start of year$30,766
XI-10 Net assets at end of year$49,828

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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