The Wecare Group Inc

Analysis

The Wecare Group Inc is a registered charity in United States, based in Scotia, CA. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Wecare Group Inc reported income of $10.9m and spending of $8.6m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $10.9m (+98%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Wecare Group Inc sits at the 85th percentile: it is larger than about 84% 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 Femhealth USA Inc ($10.9m), Willows Health Center ($10.9m) and Asante Foundation ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $639k (7.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $14.9m against liabilities of $1.5m, net assets of $13.4m. It reported 77 employees.