Why Me Inc

Analysis

Why Me Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in December 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Why Me Inc reported income of $1.5m and spending of $1.1m, leaving 28% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.1m to $1.5m (+28%), an average of +6.5% a year. The sharpest change came in the year to July 2021, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Why Me Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.5m), Hartford Gay and Lesbian Health ($1.5m) and Montessori School of Rochester ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $85k (8.0% of expenses). Other salaries and wages came to $258k. At year end it held assets of $6.4m against liabilities of $156k, net assets of $6.2m. It reported 7 employees.