Waano

Analysis

Waano is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in February 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, Waano reported income of $132k and spending of $68k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $155k to $132k (-15%), an average of -15% a year. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waano sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Hoyne Street NFP ($132k), Lorenzo Senior Citizens Association ($132k) and Tewksbury Community Pantry Inc ($132k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $290 against liabilities of $0, net assets of $290.