We Care Inc 121694
EIN: 760455020 · Houston, TX · NTEE: K40
| Metric | Value |
|---|---|
| Total Revenue | $880K |
| Total Expenses | $735K |
| Net Assets | $0 |
Is We Care Inc 121694 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About We Care Inc 121694
We Care Inc 121694 (EIN: 760455020) is a nonprofit organization based in Houston, TX, classified under NTEE code K40. The organization reported total revenue of $880K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of We Care Inc 121694's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
We Care Inc 121694 is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $735K |
| Total Expenses | $735K |
| Surplus / Deficit | +$0 |
| Total Assets | $7K |
| Total Liabilities | $7K |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2023, We Care Inc 121694 reported a surplus of $0 with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), We Care Inc 121694's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.4% | -34.9% | -68.9% |
| 2022 | -36.5% | -35.4% | -84.8% |
| 2021 | +36.2% | +42.8% | -39.0% |
| 2020 | -0.2% | -5.0% | +39.1% |
| 2019 | -8.0% | -8.8% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for We Care Inc 121694 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates We Care Inc 121694 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about We Care Inc 121694
Is We Care Inc 121694 a legitimate charity?
We Care Inc 121694 (EIN: 760455020) is a registered tax-exempt nonprofit based in Texas. It has 14 years of IRS 990 filings on record. Total revenue: $880K. No red flags identified. Financial health grade: C.
How does We Care Inc 121694 spend its money?
We Care Inc 121694 reported $880K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to We Care Inc 121694 tax-deductible?
We Care Inc 121694 is registered as a tax-exempt nonprofit (EIN: 760455020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is We Care Inc 121694 located?
We Care Inc 121694 is headquartered in Houston, Texas and files with the IRS under EIN 760455020. It is classified under NTEE code K40.
How many years of IRS 990 filings does We Care Inc 121694 have?
We Care Inc 121694 has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $880K in total revenue.
Filing History
IRS 990 filing history for We Care Inc 121694 showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), We Care Inc 121694's revenue has declined by 33%, moving from $1.1M to $735K. Total assets decreased by 94.2% over the same period, from $118K to $7K. Total functional expenses fell by 33.1%, from $1.1M to $735K. In its most recent filing year (2023), We Care Inc 121694 reported a surplus of $0, with revenue exceeding expenses. The organization holds $7K in liabilities against $7K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $735K | $735K | $7K | $7K | — | — |
| 2022 | $1.1M | $1.1M | $22K | $22K | — | View 990 |
| 2021 | $1.8M | $1.7M | $145K | $4K | — | View 990 |
| 2020 | $1.3M | $1.2M | $237K | $114K | — | View 990 |
| 2019 | $1.3M | $1.3M | $170K | $120K | — | View 990 |
| 2018 | $1.4M | $1.4M | $175K | $134K | — | View 990 |
| 2017 | $1.3M | $1.3M | $149K | $111K | — | View 990 |
| 2016 | $1.1M | $1.1M | $112K | $89K | — | — |
| 2015 | $1.3M | $1.2M | $136K | $118K | — | — |
| 2014 | $987K | $982K | $98K | $102K | — | — |
| 2013 | $1.1M | $1.1M | $89K | $98K | — | View 990 |
| 2012 | $1.2M | $1.2M | $145K | $157K | — | View 990 |
| 2011 | $1.2M | $1.2M | $115K | $125K | — | View 990 |
| 2010 | $1.1M | $1.1M | $118K | $143K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $735K, expenses of $735K, and assets of $7K (revenue -34.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $22K (revenue -36.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $145K (revenue +36.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $237K (revenue -0.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $170K (revenue -8.0% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $175K (revenue +7.4% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $149K (revenue +16.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $112K (revenue -9.6% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $136K (revenue +26.7% year-over-year).
- 2014: Revenue of $987K, expenses of $982K, and assets of $98K (revenue -8.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $89K (revenue -5.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $145K (revenue -4.6% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $115K (revenue +9.9% year-over-year).
- 2010: Revenue of $1.1M, expenses of $1.1M, and assets of $118K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for We Care Inc 121694:
Data Sources and Methodology
This transparency report for We Care Inc 121694 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.