Weva Inc

Analysis

Weva Inc is a registered charity in United States, based in Varysburg, NY. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Weva Inc reported income of $329k and spending of $265k, spending 81% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $317k to $329k (+3.8%), an average of +1.2% a year. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Weva Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Long Beach Shore Aquatics Inc ($329k), Friends of Oconomowoc Parks and Trails Inc ($329k) and Weston Explosion ($329k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $35k (13% of expenses). Other salaries and wages came to $44k. At year end it held assets of $509k against liabilities of $7,355, net assets of $502k. It reported 5 employees.