Waset Inc

Analysis

Waset Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Waset Inc reported income of $1.0m and spending of $21k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $1.0m (+1506%), an average of +100% a year. The sharpest change came in the year to December 2020, when income rose by 814%. Over the whole period it spent 7.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waset Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Acld Foundation Inc ($1.0m), Arkansas Transit Association Inc ($1.0m) and New York State Amateur Hockey Association Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.