Wecode KC

Analysis

Wecode KC is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Wecode KC reported income of $952k and spending of $874k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $198k to $952k (+381%), an average of +119% a year. The sharpest change came in the year to December 2022, when income rose by 340%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wecode KC sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Boscobel Heights Development Company Inc ($952k), Memphis Tomorrow ($953k) and Pennsylvania State Association of County Fairs ($951k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $178k (20% of expenses). Other salaries and wages came to $332k. At year end it held assets of $582k against liabilities of $18k, net assets of $564k. It reported 4 employees.