Seat of Wisdom Library

Analysis

Seat of Wisdom Library is a registered charity in United States, based in McHenry, IL. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Seat of Wisdom Library reported income of $107k and spending of $147k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $107k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 131% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Seat of Wisdom Library sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within IL. Charities of a similar size with the same main cause include East Turkistan National Awakening Movement Inc ($107k), Missions1040 ($107k) and Hearts Hands and Hope for Haiti Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $7,804 against liabilities of $0, net assets of $7,804.