We Believe Foundation

Analysis

We Believe Foundation is a registered charity in United States, based in Holladay, UT. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Believe Foundation reported income of $925k and spending of $226k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $232k to $925k (+298%), an average of +298% a year. The sharpest change came in the year to December 2023, when income rose by 298%. Over the whole period it spent 34% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, We Believe Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within UT. Charities of a similar size with the same main cause include Christian Surfers United States ($925k), Back to the Bible Foundation ($926k) and Abbey of the Hills Inn and Retreat Center ($925k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $127k. At year end it held assets of $885k against liabilities of $3,183, net assets of $882k.