Wisdom Inc

Analysis

Wisdom Inc is a registered charity in United States, based in Kenosha, WI. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Inc reported income of $87k and spending of $82k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $87k (+15%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wisdom Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within WI. Charities of a similar size with the same main cause include John & Mildred Clifford Charitable Farm TR Uad Jan 21- 200 ($87k), Norfolk Lions Charities Inc ($87k) and Gladeville Elementary School PTO ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $65k against liabilities of $5,909, net assets of $59k.