We Raise Foundation (WRF) reports that it combines financial grants with resource development services to help grow the capacity of Christian organizations working to eliminate inequality, poverty, and violence. The organization's areas of focus include education, workforce development, and criminal justice. During fiscal year 2020, WRF states that it distributed grants that served more than 51,376 individuals through their programs. Grants supported after-school literacy programs, health and wellness, spiritual growth, homeless rehabilitation programs, and assistance to organization's reintegrating formerly incarcerated men and women.
For the year ended June 30, 2020, We Raise Foundation's program expenses were:
Grants and projects |
$814,305 |
Program education |
$620,268 |
Program support |
$439,186 |
Total Program Expenses: |
$1,873,759 |
-
Chief Executive
Paul C. Miles, President and Chief Executive Officer
-
Compensation*
$306,602
-
Chair of the Board
Darron Lowe
-
Chair's Profession / Business Affiliation
Vice President, Wells Fargo Consumer Credit Solutions
-
Board Size
15
-
Paid Staff Size
12
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Internet, Membership appeals, Planned giving arrangements, Telephone appeals, Radio
We Raise Foundation incurred joint costs of $67,916 for informational materials and activities that included fund raising materials. Of those costs $59,426 was allocated to fundraising expenses and $8,490 was allocated to program expenses.
Fundraising costs were 33% of related contributions. (Related contributions, which totaled $1,859,132 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on We Raise Foundation's audited financial statements for the year ended June 30, 2020.
Source of Funds |
Contributions - individuals |
$1,188,230 |
Contributions - organizations |
$264,999 |
Investment income |
$240,747 |
Planned gifts |
$214,503 |
Government grants |
$191,400 |
Other income |
$2,571 |
Investment loss, net |
($358,449) |
Total Income |
$1,744,051 |
- Programs: 68%
- Fundraising: 22%
- Administrative: 10%
Total Income |
$1,744,051 |
Program expenses |
$1,873,759 |
Fundraising expenses |
$615,651 |
Administrative expenses |
$286,955 |
Other expenses |
$0 |
Total expenses: |
$2,776,365 |
Income in Excess of Expenses |
$-1,032,314 |
Beginning Net Assets |
$10,914,000 |
Other Changes In Net Assets |
$1,693 |
Ending Net Assets |
$9,883,379 |
Total Liabilities |
$671,135 |
Total Assets |
$10,554,514 |
Note: As noted in the above financial section, "other changes in net assets" refers to a change in value of funds held by others.