The Wow Center Inc

Analysis

The Wow Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 1972, 54 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 Wow Center Inc reported income of $4.9m and spending of $3.1m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.9m (+79%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Wow Center 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 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include The Cooperative Downtown Ministries Incorporated ($4.9m), The City School ($4.9m) and Habitat for Humanity Choptank Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $68k (2.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.3m against liabilities of $184k, net assets of $6.1m. It reported 46 employees.