W Connection Inc

Analysis

W Connection Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2010, 16 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, W Connection Inc reported income of $123k and spending of $61k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $123k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, W Connection Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Senior Lift Center Inc ($123k), Alexander House Foundation ($123k) and East Ridge CT Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $33k (55% of expenses). At year end it held assets of $118k against liabilities of $0, net assets of $118k. It reported 1 employees.