We Can Corporation

Analysis

We Can Corporation is a registered charity in United States, based in Harwich Port, MA. It received its IRS tax-exemption ruling in November 2001, 25 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, We Can Corporation reported income of $1.8m and spending of $1.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $842k to $1.8m (+113%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We Can Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Greenwich Adult Day Care Inc ($1.8m), Korean Federation of Los Angeles ($1.8m) and Meals on Wheels West ($1.8m).

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 $141k (11% of expenses). Other salaries and wages came to $585k. At year end it held assets of $4.5m against liabilities of $163k, net assets of $4.4m. It reported 13 employees.