Were One Wilmington Inc

Analysis

Were One Wilmington Inc is a registered charity in United States, based in Wilmington, MA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Were One Wilmington Inc reported income of $73k and spending of $44k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $73k (-7.5%), an average of -7.5% a year. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Were One Wilmington Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within MA. Charities of a similar size with the same main cause include St Georges Episcopal School Endowment Fund ($73k), Charlotte and Hazel Otyson Memorial Test TR ($73k) and Baltimore City Community College Foundation Incorporated ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.6% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.