We Care Foundation

Analysis

We Care Foundation is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in January 2018, 8 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 (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 Foundation reported income of $109k and spending of $48k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $109k (+33%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, We Care Foundation sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Until They Know ($109k), Athens Clarke County Charity Drive Committee ($109k) and Allan Dreibrodt Memorial Foundation ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 26% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.