World of Difference
Nonprofit profile at a glance
- EIN
- 800946813
- IRS 990-EZ coverage
- 2015–2020
- Forms available
- Form 990-EZ 2020, Form 990-N 2019
- Location
- Beaufort, SC, USA
- Phone
- 8432713472
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Homeless Centers
Reported finances
- Revenue
- $99,094
- Expenses
- $93,414
- Assets
- $5,680
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- MAURICE LOCKHART (CEO)
People named in this filing
- MAURICE LOCKHART (CEO)
- BRIDGET LOCKHART (TREASURER)
- LAWANDA BETHEL (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission is to assist the needs of those in surrounding areas by improving the lives of individuals through collaborative resources of salvaged food and other necessities for the homeless, elderly, military, and civilian families who choose to receive.
What it reported doing in 2020
Community expo 2020 was a successful resources tent event that strengthened and built relationships within surrounding counties, including spanish speaking neighborhoods, with businesses, first responders, employers, and families through the availability of collaborative resources for all to gain valuable information of benefits, employment, life saving techniques and donations, free prepared foods and donated groceries, along with many other resources which impacted over 560 individuals in 6 counties.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 7
- Transparency & Controls: 82
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 7.1%; rating input score 7
- Program expense ratio: 7.5%; rating input score 7
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 5.7%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8.4% per year; rating input score 100; 80th percentile among comparable filings
- Revenue growth: 38.2% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 17.5% per year; rating input score 100; 83rd percentile among comparable filings
Details
- Where the money goes: 7.1% of revenue deployed · 7.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $7K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2015 to 2020
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 7/100.
- High — Financial Efficiency: Program expense ratio scored 7/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Sustainability: Operating margin scored 54/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.