World Outreach Fund

Organization Overview

World Outreach Fund is located in Atlanta, GA. The organization was established in 1983. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Outreach Fund 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 Outreach Fund generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 41.3% 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.

Since 2015, World Outreach Fund has awarded 180 individual grants totaling $5,239,371. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE THE ELDERLY AND HANDICAPPED PERSONS OR LOW INCOME FAMILIES WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS. THE ORGANIZATION'S PURPOSE ALSO INCLUDES SUPPORT FOR OTHER CHARITABLE MISSIONS, BENEVOLENCE, HUMANITARIAN WORKS AND OUTREACH PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SUPPORT TO OTHER QUALIFYING CHARITABLE ORGANIZATIONS IN ORDER TO FURTHER THE HUMANITARIAN OUTREACH MISSIONS OF THE ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Gerald E Eickhoff
President/director
$145,000
Reynolds Delisle
Secretary/director
$65,200
Joseph F Glenn
Vice President/director
$39,490
Neill Faucett
Director
$0
Durwood Snead
Director
$0
Bill Neidlinger
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$25,270
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,107,980
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,133,250
Total Program Service Revenue$0
Investment income $1,535,235
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $173,140
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,841,625

Grants Awarded

Over the last fiscal year, World Outreach Fund has awarded $2,067,444 in support to 78 organizations.

Grant RecipientAmount

ASIAN CHRISTIAN ACADEMY

Org PageRecipient Profile

Carrollton, TX

PURPOSE: GENERAL GRANT (TO HELP DURING SHUTDOWN)

$200,000

Alpharetta, GA

PURPOSE: GENERAL GRANT TO HELP WHILE TRIPS ARE CANCELLED

$150,000

COATES MINISTRIES

PURPOSE: FOOD CRISIS

$100,000

COATES MINISTRIES

PURPOSE: FOOD CRISIS

$100,000

Alpharetta, GA

PURPOSE: $100,000-GENERAL GRANT (TOTAL COMMITMENT $150K WITH MATCHING $50K)

$100,000

GOOD NEWS JAIL & PRISON MINISTRY

Org PageRecipient Profile

Henrico, VA

PURPOSE: $25,000 FOR LATIN AMERICA AREA MINISTRY AND $25,000 FOR MIDDLE EAST/NORTH

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that World Outreach Fund has recieved totaling $8,036,221.

Awarding OrganizationAmount
Christian Towers Inc

Atlanta, GA

PURPOSE: TO PROVIDE SUPPORT TO THE ELDERLY AND HANDICAPPED PERISONS AND ANY CHARITABLE, EDUCATIONAL, RELIGIOUS, OR SCIENTIFIC PURPOSES ALLOWED UNDER SECTION 501(C)(3) OF THE CODE.

$8,026,221
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$10,000
View Grant Recipient Profile

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