We Care Inc 121694

Analysis

We Care Inc 121694 is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, We Care Inc 121694 reported income of $735k and spending of $735k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.4m to $735k (-48%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, We Care Inc 121694 sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Oklahoma Black Historical Research Project Inc ($735k), Theres Hope for the Hungry Inc ($735k) and Family Justice Center of St Joseph County Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $28k (3.7% of expenses). Other salaries and wages came to $30k. At year end it held assets of $6,834 against liabilities of $6,834, net assets of $0. It reported 2 employees.