Wvhy Inc

Analysis

Wvhy Inc is a registered charity in United States, based in Northridge, CA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wvhy Inc reported income of $483k and spending of $503k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $188k to $483k (+157%), an average of +157% a year. The sharpest change came in the year to December 2023, when income rose by 157%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wvhy Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Pinyon Foundation ($483k), Clarkston Development Foundation ($483k) and Corise Illinois ($483k).

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 $90k (18% of expenses). Other salaries and wages came to $102k. At year end it held assets of $5,294 against liabilities of $640, net assets of $4,654. It reported 7 employees.