Wakulima USA

Analysis

Wakulima USA is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Wakulima USA reported income of $411k and spending of $398k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $230k to $411k (+79%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 126% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wakulima USA sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Kingdom Kids Childcare Center Inc ($411k), Chino Community Center ($411k) and Fostering Hope Austin ($411k).

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 $243k (61% of expenses). At year end it held assets of $6,633 against liabilities of $48k, net assets of -$41k.