We Can Now Inc

Analysis

We Can Now Inc is a registered charity in United States, based in Pflugerville, TX. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, We Can Now Inc reported income of $369k and spending of $482k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $605k to $369k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, We Can Now Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Be the Neighbor ($369k), Wilderness Works Inc ($370k) and Michaels Daughter Foundation ($369k).

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 (50% of expenses). At year end it held assets of $154k against liabilities of -$23k, net assets of $178k. It reported 6 employees.