We Raise Foundation

Analysis

We Raise Foundation is a registered charity in United States, based in Itasca, IL. It received its IRS tax-exemption ruling in November 1962, 64 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, We Raise Foundation reported income of $1.2m and spending of $1.5m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $1.2m (-65%), an average of -23% a year. The sharpest change came in the year to June 2020, when income dropped by 38%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, We Raise Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Upper Peninsula Bible Camp Inc ($1.2m), Kollel Torah Mitzion Inc ($1.2m) and St Michael Records Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $270k (18% of expenses). Other salaries and wages came to $262k. It paid $78k in professional fundraising fees. At year end it held assets of $11.3m against liabilities of $715k, net assets of $10.6m. It reported 5 employees.