We Care of Kokomo Inc

Analysis

We Care of Kokomo Inc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in June 1988, 38 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 December 2023, We Care of Kokomo Inc reported income of $804k and spending of $653k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $777k to $804k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We Care of Kokomo Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Piedmont Child Care Center Inc ($804k), Family Services Center of Coffee County Inc ($804k) and Lonoke County Safe Haven Inc ($803k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 63% of the total. At year end it held assets of $6.8m against liabilities of $0, net assets of $6.8m.