Weare Foundation

Analysis

Weare Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2020, Weare Foundation reported income of $61k and spending of $216k, spending 356% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $227k to $61k (-73%), an average of -73% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Weare Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Glenshaw Century Club Inc ($61k), Humboldt Music Boosters Inc ($61k) and Henry County High School Foundation Inc ($61k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (14% of expenses). Other salaries and wages came to $7,500. At year end it held assets of $12k against liabilities of $0, net assets of $12k. It reported 2 employees.