Wonderworks

Analysis

Wonderworks is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2024, Wonderworks reported income of $344k and spending of $402k, spending 117% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income fell from $382k to $344k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to August 2023, when income rose by 70%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wonderworks sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Plum Borough Community Library ($344k), Seton Foundation ($344k) and Pathway Financial Education ($344k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $50k (12% of expenses). Other salaries and wages came to $48k. At year end it held assets of $482k against liabilities of $507, net assets of $481k. It reported 1 employees.