WBS Charity Corporation

Analysis

WBS Charity Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, 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, WBS Charity Corporation reported income of $225k and spending of $493k, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $225k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, WBS Charity Corporation sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Rebuilding Warriors ($225k), United Christian Ministries Inc ($225k) and Pan American Medical Association of Central Florida Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 142% of the total. At year end it held assets of $386k against liabilities of $0, net assets of $386k.