Wisdom Projects Inc

Analysis

Wisdom Projects Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2010, 16 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 August 2023, Wisdom Projects Inc reported income of $732k and spending of $507k, leaving 31% of income unspent that year. Across the 3 years on record, from August 2020 to August 2023, income grew from $470k to $732k (+56%), an average of +25% a year. The sharpest change came in the year to August 2023, when income rose by 93%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wisdom Projects Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Embrace Living Charities ($732k), Youth Assistance Coalition Inc ($732k) and Tash ($732k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $153k (30% of expenses). Other salaries and wages came to $82k. At year end it held assets of $405k against liabilities of $0, net assets of $405k. It reported 11 employees.