We Are Down Home

Analysis

We Are Down Home is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, We Are Down Home reported income of $2.4m and spending of $1.6m, leaving 31% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $2.3m to $2.4m (+1.9%), an average of +1.9% a year. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, We Are Down Home sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Elevate Early Education Inc ($2.4m), Agape Development Ministries ($2.4m) and LA Salle Academy ($2.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $170k (10% of expenses). Other salaries and wages came to $704k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 13 employees.