Wema Ventures

Analysis

Wema Ventures is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Wema Ventures reported income of $169k and spending of $210k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $169k (-3.2%), an average of -3.2% a year. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wema Ventures 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 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Priestley Society of the Venerable John Henry Cardinal Newman ($169k), Keiruv Inc ($169k) and Kingdom United Miracle Arena Inc ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.