Welead

Analysis

Welead is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Welead reported income of $702k and spending of $704k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $702k (+385%), an average of +385% a year. The sharpest change came in the year to December 2023, when income rose by 385%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Welead sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include North Star Reach ($702k), Gifford Youth Achievement Center Foundation Inc ($702k) and Knoxville Inner City Kids Outreach ($701k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. At year end it held assets of $9,086 against liabilities of $0, net assets of $9,086.