Nonprofit · EIN 82-3565232
WORLD SHARE USA
Tax-exempt · LOS ANGELES, CA 90005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $100,888 | $137,434 | -$36,546 | $13,282 | $0 | $13,282 |
| December 31, 2023 | 990 | $142,300 | $123,238 | $19,062 | $49,828 | $0 | $49,828 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $100,800
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $88
Expenses
- Grants and similar amounts paid
- $37,131
- Compensation of officers, directors and key employees
- $43,000
- Salaries, compensation and benefits (total)
- $46,289
- Professional fundraising fees
- $0
- Accounting fees
- $5,385
- Travel
- $470
- Depreciation
- $70
- Program services (functional)
- $37,131
- Management and general (functional)
- $100,303
Balance sheet and other
- Total assets, start of year
- $49,828
- Total assets, end of year
- $13,282
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,282
- Land, buildings and equipment
- $133
- Net assets without donor restrictions
- $13,282
- Gross receipts
- $100,888
- Employees
- 1
- Volunteers
- 1
- Year formed
- 2017
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAE GWANG KANG | PRESIDENT Officer | 40 | $43,000 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAE GWANG KANG | PRESIDENT Officer | 40 | $20,500 |
Address and contacts
- Address (IRS master file)
- 3123 W 8TH ST STE 206, LOS ANGELES, CA 90005-1948
- Principal officer (990 for 2024)
- TAE GWANG KANG, 621 S VIRGIL AVE STE 260, LOS ANGELES, CA 90005
- Signed the 990
- TAE GWANG KANG, CEO
- Phone
- (323) 578-7933
- Return prepared by
- ABC CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 82-3565232 or by the name WORLD SHARE USA.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PROVIDE RELIEF OF THE POOR, THE DISTRESSED, OR THE UNDERPRIVILEGED; ADVANCEMENT OF EDUCATION OR SCIENCE; AND COMBATING COMMUNITY DETERIORATION AND JUVENILE DELINQUENCY.
Program accomplishments
- CONTRIBUTIONExpenses $37,131
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3565232
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $13,282
- Income (IRS master file)
- $100,888
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $100,888 | $137,434 | $13,282 | XML |
| 990 | December 2023 | $142,300 | $123,238 | $49,828 | XML |
| 990 | December 2022 | $139,000 | $118,221 | $30,766 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3565232).
Questions about WORLD SHARE USA
- What is the EIN of WORLD SHARE USA?
- The employer identification number (EIN) of WORLD SHARE USA is 82-3565232.
- Is WORLD SHARE USA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to WORLD SHARE USA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORLD SHARE USA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORLD SHARE USA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORLD SHARE USA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WORLD SHARE USA?
- The 990 for the year ended December 31, 2024 names TAE GWANG KANG.
- Who are the officers and directors of WORLD SHARE USA?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $43,000 (TAE GWANG KANG, PRESIDENT).
- How much revenue does WORLD SHARE USA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $100,888, expenses of $137,434 and total assets of $13,282 at year end.
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All nonprofits in LOS ANGELES · California · International, foreign affairs and national security