We Care Fund Inc

Analysis

We Care Fund Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, We Care Fund Inc reported income of $135k and spending of $292k, spending 216% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $616k to $135k (-78%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 82%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, We Care Fund 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 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Perkiomen Valley School District Foundation ($135k), Spokane Rotary Foundation ($135k) and Doors to Dream ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $500, net assets of $39k.