Wisdom Inc

Analysis

Wisdom Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Wisdom Inc reported income of $3.2m and spending of $2.9m, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $3.2m (+107%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 133%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wisdom Inc 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 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Barry County Community Foundation ($3.2m), United Way of Indian River County Inc ($3.2m) and Kershaws Challenge ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $72k (2.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.4m against liabilities of $191k, net assets of $1.2m. It reported 128 employees.