Wepan

Analysis

Wepan is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Wepan reported income of $1.7m and spending of $1.9m, spending 109% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $501k to $1.7m (+246%), an average of +86% a year. The sharpest change came in the year to June 2022, when income rose by 378%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wepan sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Community Arts Project Inc ($1.7m), New Hampshire Historical Society ($1.7m) and Detroit Economic Club ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $658k. At year end it held assets of $663k against liabilities of $153k, net assets of $509k. It reported 10 employees.