Project Weber Renew

Analysis

Project Weber Renew is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 2013, 13 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 2022, Project Weber Renew reported income of $2.2m and spending of $2.0m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $569k to $2.2m (+285%), an average of +57% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Weber Renew sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within RI. Charities of a similar size with the same main cause include El Centro Hispano Inc ($2.2m), East Texas Behavioral Resources Inc ($2.2m) and Black Men Teach ($2.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $88k (4.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $626k against liabilities of $134k, net assets of $492k. It reported 10 employees.