Weascend Corporation

Analysis

Weascend Corporation is a registered charity in United States, based in Peachtree Cor, GA. It received its IRS tax-exemption ruling in March 2007, 19 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, Weascend Corporation reported income of $353k and spending of $437k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $416k to $353k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weascend Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Fred Moore Day Nursery School Inc ($353k), Bayit Association Inc ($353k) and Arc of Buncombe County Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $130k (30% of expenses). At year end it held assets of $375k against liabilities of $17k, net assets of $358k. It reported 5 employees.