Wozu Inc

Analysis

Wozu Inc is a registered charity in United States, based in Cannon Ball, ND. It received its IRS tax-exemption ruling in October 2021, 5 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, Wozu Inc reported income of $1.8m and spending of $992k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $877k to $1.8m (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 60% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Wozu Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within ND. Charities of a similar size with the same main cause include Future 5 Inc ($1.8m), Youth Development Organization Inc ($1.8m) and African American Youth Harvest Foundation ($1.8m).

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 $251k (25% of expenses). It paid $1,030 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $47k, net assets of $1.0m. It reported 7 employees.