Weconnect International Inc

Analysis

Weconnect International Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Weconnect International Inc reported income of $7.4m and spending of $7.8m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $7.4m (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Weconnect International Inc 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 94th percentile, and in the 84th percentile within DC. Charities of a similar size with the same main cause include Rural India Supporting TR ($7.4m), Whitaker Peace and Development Initiative ($7.5m) and Lwala Community Alliance Inc ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $1.0m (13% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.4m against liabilities of $1.5m, net assets of $2.9m. It reported 25 employees.