We Mean Business Coalition Inc

Analysis

We Mean Business Coalition Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Mean Business Coalition Inc reported income of $19.8m and spending of $19.3m, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $31.8m to $19.8m (-38%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 77% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, We Mean Business Coalition Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Parks and Wildlife Foundation of Texas Inc ($19.7m), Four Lakes Task Force ($19.9m) and 350 Org ($19.6m).

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 $1.3m (6.9% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $25.3m against liabilities of $8.6m, net assets of $16.7m. It reported 21 employees.