Wispact Inc

Analysis

Wispact Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wispact Inc reported income of $9.1m and spending of $8.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $9.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wispact Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Presbyterian Homes Foundation ($9.1m), League on Social Services Inc Family Day Care Program ($9.1m) and Long Beach Community Action Partnership ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $211k (2.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $20.5m against liabilities of $621k, net assets of $19.9m. It reported 19 employees.