Wfeh Incorporated

Analysis

Wfeh Incorporated is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wfeh Incorporated reported income of $310k and spending of $336k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $242k to $310k (+28%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wfeh Incorporated sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Team Catapult ($310k), Omf Community Outreach ($310k) and Murray Calloway Need Line Association Inc ($310k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 45% of the total. At year end it held assets of $1.5m against liabilities of $2.9m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.