Whamnow Inc

Analysis

Whamnow Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in September 2021, 5 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, Whamnow Inc reported income of $745k and spending of $502k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $996k to $745k (-25%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Whamnow Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Bright Beginnings Learning Academy ($745k), Karma Box Project ($745k) and Ohio County & Independent Agricultural Societies ($745k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $127k (25% of expenses). At year end it held assets of $840k against liabilities of $48k, net assets of $792k. It reported 1 employees.