Weshine Welcoming Empowering Safe Habitation Initiative

Analysis

Weshine Welcoming Empowering Safe Habitation Initiative is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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 June 2023, Weshine Welcoming Empowering Safe Habitation Initiative reported income of $1.1m and spending of $601k, leaving 44% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $168k to $1.1m (+541%), an average of +541% a year. The sharpest change came in the year to June 2023, when income rose by 541%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Weshine Welcoming Empowering Safe Habitation Initiative sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Christian County Hopkinsville Development Corp ($1.1m), Womens Opportunities Resource Center ($1.1m) and Borough of Manhattan Community College Auxiliary Enterprises Corp ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $133k (22% of expenses). Other salaries and wages came to $158k. At year end it held assets of $765k against liabilities of $145k, net assets of $619k. It reported 7 employees.