Weachieve Inc

Analysis

Weachieve Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in October 1963, 63 years ago. 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 June 2023, Weachieve Inc reported income of $17.3m and spending of $14.6m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.0m to $17.3m (+15%), an average of +3.6% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Weachieve Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Volunteers of America Inc ($17.3m), St Andrews Presbyterian College ($17.3m) and Pike School Inc ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $429k (2.9% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $24.4m against liabilities of $8.5m, net assets of $15.8m. It reported 309 employees.