Word Keepers Inc

Analysis

Word Keepers Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Word Keepers Inc reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $1.5m (+705%), an average of +705% a year. The sharpest change came in the year to December 2023, when income rose by 705%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Word Keepers Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include First Class Learning and Development Center Inc ($1.5m), Nami Sarasota and Manatee Counties Inc ($1.5m) and Ferrees Group Home Incorporated ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $47k (3.2% of expenses). Other salaries and wages came to $24k. At year end it held assets of $77k against liabilities of $35k, net assets of $42k. It reported 5 employees.