Waado

Analysis

Waado is a registered charity in United States, based in Fulshear, TX. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 January 2024, Waado reported income of $75k and spending of $79k, spending 105% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income grew from $61k to $75k (+23%), an average of +23% a year. The sharpest change came in the year to January 2024, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waado sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Hoosic River Revival Inc ($75k), S&a Solutions Foundation ($75k) and Wake Forest Innovation Quarter CDC ($75k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $472 against liabilities of $0, net assets of $472.