We Take It for Charity Inc

Analysis

We Take It for Charity Inc is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, We Take It for Charity Inc reported income of $4.9m and spending of $3.2m, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $4.9m (+354%), an average of +113% a year. The sharpest change came in the year to December 2022, when income rose by 140%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, We Take It for Charity Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Muskingum County Community Foundation ($4.9m), United Way of Bartholomew County Inc ($4.9m) and Roberts Family Development Center ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.6m against liabilities of $330k, net assets of $3.2m.