Werobotics Inc

Analysis

Werobotics Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2016, 10 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 December 2023, Werobotics Inc reported income of $989k and spending of $1.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $989k (-56%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 187%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Werobotics Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within DE. Charities of a similar size with the same main cause include School Tuition Organization of Southeast Iowa ($989k), International Brotherhood of Electrical Workers Local Union 461 ($989k) and Therapy Center Inc ($988k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $60k (6.0% of expenses). Other salaries and wages came to $48k. At year end it held assets of $1.3m against liabilities of $569k, net assets of $684k. It reported 2 employees.