Weave Inc

Analysis

Weave Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 1978, 48 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 September 2023, Weave Inc reported income of $11.3m and spending of $11.4m, spending 101% of its income. Across the 4 years on record, from June 2019 to September 2023, income grew from $8.2m to $11.3m (+37%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 68%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Weave Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include West Side Montessori School ($11.3m), Life Styles Inc ($11.3m) and VTS Industries Inc ($11.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $448k (3.9% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $13.5m against liabilities of $4.7m, net assets of $8.8m. It reported 210 employees.