Wetati Academy Inc

Analysis

Wetati Academy Inc is a registered charity in United States, based in Bowie, MD. It received its IRS tax-exemption ruling in May 2014, 12 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, Wetati Academy Inc reported income of $204k and spending of $256k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $204k (+130%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 65%. 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, Wetati Academy Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Burlington Food Pantry ($204k), Guardians of the Children Inc ($204k) and Unbridled Change ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $145k (57% of expenses). It paid $1,630 in professional fundraising fees. At year end it held assets of $139k against liabilities of $2,500, net assets of $137k. It reported 3 employees.