World Reach Inc
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Birmingham, AL
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 63-0838799
Organization Overview
World Reach Inc is located in Birmingham, AL. The organization was established in 1983. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 12/2021, World Reach Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Reach Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, World Reach Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROPOGATE THE CHRISTIAN FAITH AMONG UNREACHED PEOPLE & TRAIN NATIONAL PASTORS & LAY-LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO REACH THE WORLD WITH THE GOSPEL OF CHRIST THROUGH THE LOCAL CHURCH. WE CARRY OUT OUR MISSION THROUGH EVANGELISM, DISCIPLESHIP TRAINING, CHURCH PLANTING, LEADERSHIP DEVELOPMENT, AND PHYSICAL RELIEF EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prewitt Timothy Q General Director | Officer | 40 | $29,664 |
Struck Robert F Secretary Of The Board | OfficerTrustee | 2 | $0 |
Torres Angel Treasure | OfficerTrustee | 2 | $0 |
Cochran Jay Vice-Chairman | OfficerTrustee | 2 | $0 |
Thompson Jim Chairman Of The Board Of D | OfficerTrustee | 2 | $0 |
Bradford Chad Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,448 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,392,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,438,775 |
| Total Program Service Revenue | $0 |
| Investment income | $5,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,444,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,664 |
| Compensation of current officers, directors, key employees. | $6,866 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $780,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,775 |
| Payroll taxes | $31,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,692 |
| Advertising and promotion | $0 |
| Office expenses | $17,190 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,179 |
| Travel | $83,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,323 |
| Insurance | $3,016 |
| All other expenses | $51,740 |
| Total functional expenses | $1,374,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,614 |
| Savings and temporary cash investments | $250,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,186 |
| Net Land, buildings, and equipment | $747,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $384 |
| Total assets | $1,531,242 |
| Accounts payable and accrued expenses | $2,937 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,937 |
| Net assets without donor restrictions | $1,276,130 |
| Net assets with donor restrictions | $252,175 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,531,242 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Reach Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Leonard Family Foundation Hoover, AL PURPOSE: RELIGIOUS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |
Outreach Foundation Of The Presbyterian Church Inc Franklin, TN | $10,682,704 | $9,066,746 |
Epworth By The Sea Inc St Simons Island, GA | $22,098,975 | $11,861,370 |
Lighthouse Gospel Mission Inc Riverview, FL | $956,099 | $6,409,452 |
Equip Leadership Inc Duluth, GA | $5,673,774 | $7,651,794 |
Score International Inc Chattanooga, TN | $7,470,885 | $5,241,961 |