Weaverland Financial Aid

Analysis

Weaverland Financial Aid is a registered charity in United States, based in Lititz, PA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Weaverland Financial Aid reported income of $12.7m and spending of $12.6m, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $6.2m to $12.7m (+106%), an average of +20% a year. The sharpest change came in the year to July 2023, when income rose by 140%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weaverland Financial Aid sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Accesspoint Ri ($12.7m), Emmaus Calling Inc ($12.7m) and Placer Community Action Council Inc ($12.7m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $144k (1.1% of expenses). At year end it held assets of $288.5m against liabilities of $286.8m, net assets of $1.7m.