We Power Food Inc

Analysis

We Power Food Inc is a registered charity in United States, based in Hillsborough, NC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, We Power Food Inc reported income of $103k and spending of $70k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $103k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, We Power Food Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Norma Mae Huggins Cancer Endowment ($103k), Fondren Covered ($103k) and Donum Dei ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. At year end it held assets of $43k against liabilities of $218, net assets of $43k.