Wings for Success

Analysis

Wings for Success is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wings for Success reported income of $554k and spending of $669k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $348k to $554k (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wings for Success sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include North Carolina Caring Dental Professionals ($554k), Naugatuck Youth Services Inc ($554k) and Winchendon Community Action Committee Inc ($554k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $84k (13% of expenses). Other salaries and wages came to $114k. At year end it held assets of $275k against liabilities of $99k, net assets of $177k. It reported 7 employees.