The Wish Project Inc

Analysis

The Wish Project Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. 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 June 2023, The Wish Project Inc reported income of $3.8m and spending of $3.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.8m (+78%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Wish Project Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Dade County Dental Research Clinic ($3.8m), Autism Services Inc ($3.8m) and A Childs Haven Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $92k (2.5% of expenses). Other salaries and wages came to $244k. At year end it held assets of $909k against liabilities of $172k, net assets of $737k. It reported 14 employees.