Wisdom Publication Inc

Analysis

Wisdom Publication Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wisdom Publication Inc reported income of $2.1m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.1m (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wisdom Publication Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Life on Earth Art ($2.1m), Sculpture Center Inc ($2.1m) and Gala Inc Groupo de Artistas Latinoamericanos ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $221k (9.6% of expenses). Other salaries and wages came to $816k. At year end it held assets of $5.8m against liabilities of $968k, net assets of $4.8m. It reported 16 employees.