Wecaretn

Analysis

Wecaretn is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wecaretn reported income of $664k and spending of $505k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $182k to $664k (+265%), an average of +91% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wecaretn sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Family Resource Center Inc ($664k), Exhale to Inhale Inc ($664k) and Dress for Success of Oregon Inc ($664k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $221k (44% of expenses). At year end it held assets of $425k against liabilities of $0, net assets of $425k. It reported 4 employees.