We Will Collective Incorporated

Analysis

We Will Collective Incorporated is a registered charity in United States, based in Humboldt, IA. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, We Will Collective Incorporated reported income of $1.7m and spending of $1.3m, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $659k to $1.7m (+151%), an average of +151% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, We Will Collective Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Lao Assistance Center of Minnesota ($1.7m), North Carolina Bar Foundation ($1.7m) and Roslyn Managers Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $128k (9.7% of expenses). At year end it held assets of $870k against liabilities of $0, net assets of $870k.