Wecgod II Inc

Analysis

Wecgod II Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Wecgod II Inc reported income of $307k and spending of $449k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $307k (-83%), an average of -36% a year. The sharpest change came in the year to December 2022, when income rose by 7604%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wecgod II Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Rise El Dorado ($307k), Tifton Housing Partners Inc ($307k) and WS Housing Development Fund Company Inc ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.8m against liabilities of $185k, net assets of $1.6m.