Wegiveashare Inc

Analysis

Wegiveashare Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Wegiveashare Inc reported income of $822k and spending of $696k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $296k to $822k (+178%), an average of +178% a year. The sharpest change came in the year to December 2023, when income rose by 178%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wegiveashare Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Pcpa Foundation a California Nonprofit Public Benefit Corp ($821k), Better Future for Israel ($822k) and Community Foundation of Brazoria County Texas ($821k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $68k (9.8% of expenses). Other salaries and wages came to $265k. At year end it held assets of $341k against liabilities of $9,460, net assets of $332k. It reported 9 employees.