American Wisdom Association

Analysis

American Wisdom Association is a registered charity in United States, based in Billerica, MA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Wisdom Association reported income of $261k and spending of $98k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $320k to $261k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 39% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Wisdom Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Acts17six Inc ($261k), Adopt a Shadchan Corp ($262k) and Rooted Sisters ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.5m against liabilities of $25k, net assets of $1.5m.