Quick charity verification for We Charity (EIN: 161533544)
Verdict: We Charity shows mixed signals
55/100Mission Score
$7.4MRevenue
$13.4MAssets
4Red Flags
3Strengths
Red Flags
Significant and consistent operating deficits (e.g., $3.8M deficit in 202308, $7.3M deficit in 202108).
Sharp decline in revenue from $31M in 2020 to $2.4M in 2023.
Unusually low or 0% reported officer compensation for an organization of this scale.
Fluctuating asset base, with a notable decrease from $17.6M in 2022 to $13.3M in 2023.
Strengths
Historically strong revenue generation in prior years (e.g., $33M in 2017, $31M in 2020).
Substantial asset base of $13,392,243, providing some financial cushion.
Low liabilities in many periods, indicating good debt management in those years (e.g., $241,276 in 2018).
Spending Breakdown
How We Charity allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about We Charity
Is We Charity a legitimate charity?
Based on AI analysis of IRS 990 filings, We Charity (EIN: 161533544) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
Is We Charity a good charity to donate to?
We Charity has a Mission Score of 55/100. Revenue: $7.4M. Assets: $13.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for We Charity?
The Employer Identification Number (EIN) for We Charity is 161533544. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does We Charity spend its money?
We Charity allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify We Charity's tax-exempt status?
You can verify We Charity's tax-exempt status using EIN 161533544 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
We Charity has experienced significant financial volatility over the past several years. While the organization reported substantial revenues in earlier periods, peaking at over $33 million in 2017 and 2020, its most recent filing (202308) shows a sharp decline in revenue to $2,418,093, while expenses remained high at $6,248,057, resulting in a deficit. This trend of expenses exceeding revenue is also evident in 2021, 2019, 2018, 2017, and 2014, indicating a pattern of operating at a deficit in many years. The organization's assets have fluctuated, currently standing at $13,392,243, but have decreased from a high of over $20 million in 2016. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that compensation is structured in a way that it is not reported as officer compensation on the 990 form.