Wise Learning Corporation

Analysis

Wise Learning Corporation is a registered charity in United States, based in Dearborn HTS, MI. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wise Learning Corporation reported income of $4.2m and spending of $3.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.2m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wise Learning Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include South Puget Sound Community College Foundation ($4.2m), Sun Valley Writers Conference Inc ($4.2m) and Johnson University ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $11.9m against liabilities of $3.5m, net assets of $8.4m. It reported 67 employees.