Will Act Inc

Analysis

Will Act Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Will Act Inc reported income of $110k and spending of $126k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $94k to $110k (+17%), an average of +4.0% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Will Act Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OK. Charities of a similar size with the same main cause include A Fern Norville Kaufman County Childrens Emergency Shelter ($110k), Network Housing 92 Inc ($110k) and Poplar Place Housing Corporation ($110k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $16k. At year end it held assets of $589k against liabilities of $981k, net assets of -$392k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.