We Charity
We Charity faces significant financial challenges with declining revenue and consistent operating deficits.
EIN: 161533544 · Williamsville, NY · NTEE: Q330 · Updated: 2026-03-28
Is We Charity Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
We Charity directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About We Charity
We Charity (EIN: 161533544) is a nonprofit organization based in Williamsville, NY, classified under NTEE code Q330. The organization reported total revenue of $7.4M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of We Charity's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates We Charity with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, We Charity allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and past revenue levels, suggesting either a volunteer leadership structure or that compensation is not categorized as officer compensation on the 990.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of We Charity's IRS 990 filings:
- 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
The following positive indicators were identified for We Charity:
- 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).
Frequently Asked Questions about We Charity
Is We Charity a legitimate charity?
Based on AI analysis of IRS 990 filings, We Charity (EIN: 161533544) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does We Charity spend its money?
We Charity directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to We Charity tax-deductible?
We Charity is registered as a tax-exempt nonprofit (EIN: 161533544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has We Charity's revenue declined so sharply in recent years?
The revenue dropped from $31,078,742 in 2020 to $2,418,093 in 2023, a significant decrease that warrants further investigation into funding sources and operational changes.
How does We Charity cover its operating deficits?
With expenses frequently exceeding revenue (e.g., $6,248,057 expenses vs. $2,418,093 revenue in 2023), the organization must be drawing from reserves or other non-operating income to sustain operations.
What is the nature of the 0% officer compensation reported?
It is uncommon for an organization with millions in revenue and assets to report no officer compensation, raising questions about how leadership is compensated or if it's entirely volunteer-led.
What is the long-term sustainability plan given the financial trends?
The pattern of deficits and declining revenue suggests potential long-term sustainability issues if current trends continue without significant strategic changes.
Filing History
IRS 990 filing history for We Charity showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), We Charity's revenue has declined by 55%, moving from $5.4M to $2.4M. Total assets increased by 638.2% over the same period, from $1.8M to $13.4M. Total functional expenses fell by 3.2%, from $6.5M to $6.2M. In its most recent filing year (2023), We Charity reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $853K in liabilities against $13.4M in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $6.2M | $13.4M | $853K | — | View 990 |
| 2022 | $8.9M | $6.1M | $17.7M | $1.3M | — | View 990 |
| 2021 | $8.5M | $9.2M | $16.0M | $606K | — | View 990 |
| 2020 | $31.1M | $26.1M | $19.6M | $3.7M | — | View 990 |
| 2019 | $31.1M | $32.6M | $11.8M | $1.1M | — | View 990 |
| 2018 | $18.3M | $24.4M | $13.0M | $241K | — | View 990 |
| 2017 | $33.0M | $35.1M | $19.3M | $568K | — | View 990 |
| 2016 | $31.3M | $27.2M | $20.6M | $169K | — | View 990 |
| 2015 | $27.2M | $21.9M | $16.4M | $120K | — | View 990 |
| 2014 | $17.0M | $17.1M | $11.2M | $60K | — | View 990 |
| 2013 | $19.0M | $13.0M | $11.4M | $140K | — | View 990 |
| 2012 | $10.7M | $7.2M | $5.3M | $77K | — | View 990 |
| 2011 | $5.4M | $6.5M | $1.8M | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $6.2M, and assets of $13.4M (revenue -72.9% year-over-year).
- 2022: Revenue of $8.9M, expenses of $6.1M, and assets of $17.7M (revenue +4.9% year-over-year).
- 2021: Revenue of $8.5M, expenses of $9.2M, and assets of $16.0M (revenue -72.6% year-over-year).
- 2020: Revenue of $31.1M, expenses of $26.1M, and assets of $19.6M (revenue -0.2% year-over-year).
- 2019: Revenue of $31.1M, expenses of $32.6M, and assets of $11.8M (revenue +70.4% year-over-year).
- 2018: Revenue of $18.3M, expenses of $24.4M, and assets of $13.0M (revenue -44.7% year-over-year).
- 2017: Revenue of $33.0M, expenses of $35.1M, and assets of $19.3M (revenue +5.5% year-over-year).
- 2016: Revenue of $31.3M, expenses of $27.2M, and assets of $20.6M (revenue +15.1% year-over-year).
- 2015: Revenue of $27.2M, expenses of $21.9M, and assets of $16.4M (revenue +60.4% year-over-year).
- 2014: Revenue of $17.0M, expenses of $17.1M, and assets of $11.2M (revenue -10.8% year-over-year).
- 2013: Revenue of $19.0M, expenses of $13.0M, and assets of $11.4M (revenue +78.0% year-over-year).
- 2012: Revenue of $10.7M, expenses of $7.2M, and assets of $5.3M (revenue +98.8% year-over-year).
- 2011: Revenue of $5.4M, expenses of $6.5M, and assets of $1.8M.
Data Sources and Methodology
This transparency report for We Charity 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.