Why-Not-Me Foundation

Analysis

Why-Not-Me Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Why-Not-Me Foundation reported income of $114k and spending of $88k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $127k to $114k (-10%), an average of -5.3% a year. The sharpest change came in the year to December 2023, when income rose by 2703%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Why-Not-Me Foundation sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Camas Booster Club ($114k), Friends of Wellesley Metco Inc ($114k) and Pearl Foundation Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.