Weecycle

Analysis

Weecycle is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2018, 8 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, Weecycle reported income of $5.8m and spending of $5.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $699k to $5.8m (+730%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weecycle sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Dothan-Houston County Intellectual Disabilites Board Inc ($5.8m), Ohio Living Foundation ($5.8m) and Jensen Project Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $112k (2.1% of expenses). Other salaries and wages came to $523k. At year end it held assets of $1.8m against liabilities of $168k, net assets of $1.6m. It reported 13 employees.