We Want More Inc
We Want More Inc. shows consistent revenue and asset growth, with zero reported officer compensation, despite a recent operational deficit.
EIN: 202910869 · Bridgeport, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $716K |
| Total Expenses | $947K |
| Program Spending | 80% |
| Net Assets | $598K |
| Transparency Score | 85/100 |
Is We Want More Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
We Want More Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About We Want More Inc
We Want More Inc (EIN: 202910869) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code T20. The organization reported total revenue of $716K and total assets of $585K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of We Want More Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
We Want More Inc is a small nonprofit that has been operating for 21 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $747K |
| Total Expenses | $947K |
| Surplus / Deficit | $-200,564 |
| Total Assets | $598K |
| Net Assets | $598K |
| Operating Margin | -26.9% |
| Months of Reserves | 7.6 months |
Financial Health Grade: B
In 2023, We Want More Inc reported a deficit of $201K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), We Want More Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.6% | +4.8% | -25.1% |
| 2022 | -8.5% | +16.7% | +3.3% |
| 2021 | +22.7% | -7.7% | +23.8% |
| 2020 | +10.5% | +3.6% | +29.4% |
| 2019 | +9.6% | +11.8% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates We Want More Inc with a Mission Score of 85 out of 100 (Excellent). 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: 80%
- fundraising: 5%
According to IRS 990 filings, We Want More Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $201K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all seven filing periods, indicating that its leadership is either entirely volunteer or compensated through non-officer roles, which is highly favorable for donor perception and suggests a strong commitment to directing funds towards its mission.
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 Want More Inc's IRS 990 filings:
- Significant operational deficit in the most recent filing (202312) where expenses ($947,349) exceeded revenue ($746,785) by over $200,000.
Strengths
The following positive indicators were identified for We Want More Inc:
- Consistent reporting of 0% officer compensation across all seven filing periods, indicating strong fiscal responsibility and transparency.
- Consistent asset growth from $527,216 in 2017 to $598,432 in 2023, demonstrating effective resource accumulation.
- Zero reported liabilities in the two most recent filing periods (202212, 202312), indicating excellent debt management.
- Long operational history with seven years of consistent IRS 990 filings, suggesting stability and established operations.
Frequently Asked Questions about We Want More Inc
Is We Want More Inc a legitimate charity?
We Want More Inc (EIN: 202910869) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $716K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does We Want More Inc spend its money?
We Want More Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to We Want More Inc tax-deductible?
We Want More Inc is registered as a tax-exempt nonprofit (EIN: 202910869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of We Want More Inc's spending goes to programs?
We Want More Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does We Want More Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), We Want More Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is We Want More Inc located?
We Want More Inc is headquartered in Bridgeport, Connecticut and files with the IRS under EIN 202910869. It is classified under NTEE code T20.
How many years of IRS 990 filings does We Want More Inc have?
We Want More Inc has 7 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 $716K in total revenue.
Is We Want More Inc. financially stable?
Yes, despite a deficit in 202312, the organization has generally stable revenues, growing assets from $527,216 in 2017 to $598,432 in 2023, and has reported $0 liabilities in its two most recent filings, indicating strong financial health.
How transparent is We Want More Inc. regarding executive pay?
We Want More Inc. is highly transparent regarding executive pay, consistently reporting 0% officer compensation across all seven available IRS 990 filings, which is a strong indicator of fiscal responsibility.
Has We Want More Inc. experienced significant financial fluctuations?
While revenues have fluctuated between $659,628 and $1,053,510 over the past seven years, the organization has maintained a relatively stable financial base with consistent asset growth and minimal liabilities in recent periods.
Filing History
IRS 990 filing history for We Want More Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), We Want More Inc's revenue has grown by 13.2%, moving from $660K to $747K. Total assets increased by 13.5% over the same period, from $527K to $598K. Total functional expenses rose by 27.5%, from $743K to $947K. In its most recent filing year (2023), We Want More Inc reported a deficit of $201K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $747K | $947K | $598K | $0 | — | — |
| 2022 | $964K | $904K | $799K | $0 | — | View 990 |
| 2021 | $1.1M | $774K | $773K | $35K | — | View 990 |
| 2020 | $858K | $838K | $625K | $166K | — | View 990 |
| 2019 | $777K | $810K | $483K | $44K | — | View 990 |
| 2018 | $709K | $724K | $507K | $35K | — | View 990 |
| 2017 | $660K | $743K | $527K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $747K, expenses of $947K, and assets of $598K (revenue -22.6% year-over-year).
- 2022: Revenue of $964K, expenses of $904K, and assets of $799K (revenue -8.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $774K, and assets of $773K (revenue +22.7% year-over-year).
- 2020: Revenue of $858K, expenses of $838K, and assets of $625K (revenue +10.5% year-over-year).
- 2019: Revenue of $777K, expenses of $810K, and assets of $483K (revenue +9.6% year-over-year).
- 2018: Revenue of $709K, expenses of $724K, and assets of $507K (revenue +7.4% year-over-year).
- 2017: Revenue of $660K, expenses of $743K, and assets of $527K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for We Want More Inc:
Data Sources and Methodology
This transparency report for We Want More Inc 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.