Wiscnet

Analysis

Wiscnet is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Wiscnet reported income of $9.7m and spending of $7.8m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $9.7m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wiscnet sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Loggerhead Marinelife Center Inc ($9.7m), The Center for Economic Research and Social Change Inc ($9.7m) and Oslc Developments Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $755k (9.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $21.3m against liabilities of $532k, net assets of $20.8m.