Wepower

Analysis

Wepower is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Wepower reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $767k to $2.3m (+196%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wepower sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Monat Gratitude Inc ($2.3m), Show Inc ($2.3m) and Leadership Foundations ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $124k (6.2% of expenses). Other salaries and wages came to $796k. At year end it held assets of $976k against liabilities of $154k, net assets of $822k. It reported 20 employees.