Wu Yee Childrens Services

Analysis

Wu Yee Childrens Services is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1977, 49 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, Wu Yee Childrens Services reported income of $71.8m and spending of $65.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $33.3m to $71.8m (+115%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wu Yee Childrens Services sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include L a Family Housing Corporation ($71.5m), St Josephs Hospital and Health Center ($71.8m) and Cardinal McCloskey School & Home for Children Inc ($71.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $618k (1.0% of expenses). Other salaries and wages came to $20.7m. At year end it held assets of $24.6m against liabilities of $13.1m, net assets of $11.5m. It reported 285 employees.