We Care Inc

Analysis

We Care Inc is a registered charity in United States, based in South Haven, MI. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2024, We Care Inc reported income of $300k and spending of $320k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $248k to $300k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, We Care Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Educational Partnerships for Innovation in Communities Network ($300k), Jubilee Christian School of the South Hills of Pittsburgh Assoc ($300k) and Louisiana Lions League for Crippled Children Foundation ($300k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $53k (17% of expenses). Other salaries and wages came to $79k. At year end it held assets of $426k against liabilities of $3,065, net assets of $423k. It reported 6 employees.