Wcre Foundation Inc

Analysis

Wcre Foundation Inc is a registered charity in United States, based in Marlton, NJ. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, 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, Wcre Foundation Inc reported income of $60k and spending of $63k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $60k (-21%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wcre Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include Lyft Up Lives ($60k), Philipsburg Rotary Foundation ($60k) and Bayis Shaini Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1 against liabilities of $7, net assets of -$6.