The We Project

Analysis

The We Project is a registered charity in United States, based in Carlstadt, NJ. It received its IRS tax-exemption ruling in September 2018, 8 years ago. 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 August 2023, The We Project reported income of $134k and spending of $99k, leaving 26% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $42k to $134k (+219%), an average of +220% a year. The sharpest change came in the year to August 2023, when income rose by 219%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The We Project sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Richard E Vandervoort Memorial Scholarship Fund Inc ($134k), Port Townsend Ballet ($134k) and Western Springs Foundation for Education Excellence ($134k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $215k against liabilities of $0, net assets of $215k.