Weema International Inc

Analysis

Weema International Inc is a registered charity in United States, based in Acton, MA. It received its IRS tax-exemption ruling in October 2011, 15 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, Weema International Inc reported income of $1.5m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.5m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weema International Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Little Angels Learning & Child Care Ctr ($1.5m), Boulder Food Rescue ($1.5m) and Society for Handicapped Citizens Inc-Warren County ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $94k (6.4% of expenses). Other salaries and wages came to $137k. At year end it held assets of $1.7m against liabilities of $150k, net assets of $1.5m. It reported 4 employees.