Wish of a Lifetime

Analysis

Wish of a Lifetime is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2008, 18 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, Wish of a Lifetime reported income of $4.4m and spending of $4.8m, spending 110% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $873k to $4.4m (+403%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 935%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wish of a Lifetime 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 78th percentile within DC. Charities of a similar size with the same main cause include First Step Home Inc ($4.4m), Abch Foundation ($4.4m) and Elite Family Systems ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $264k (5.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.2m against liabilities of $550k, net assets of $1.6m. It reported 31 employees.