We Care Arts

Analysis

We Care Arts is a registered charity in United States, based in Kettering, OH. It received its IRS tax-exemption ruling in August 1990, 36 years ago. 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, We Care Arts reported income of $719k and spending of $849k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $696k to $719k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, We Care Arts sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Lakeshore Communications Inc ($719k), Buddhas Light Hsi Lai School ($719k) and Leadership Jacksonville Inc ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $88k (10% of expenses). Other salaries and wages came to $473k. At year end it held assets of $1.3m against liabilities of $22k, net assets of $1.3m. It reported 37 employees.