Wiseman Ministries Inc

Analysis

Wiseman Ministries Inc is a registered charity in United States, based in Longview, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Wiseman Ministries Inc reported income of $2.1m and spending of $2.0m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.3m to $2.1m (+58%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wiseman Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include RBN Foundation ($2.1m), Reconciled World Inc ($2.1m) and Friends in Action International Inc ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $414k. At year end it held assets of $3.5m against liabilities of $155k, net assets of $3.4m. It reported 47 employees.