Wiseheart Foundation

Analysis

Wiseheart Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Wiseheart Foundation reported income of $272k and spending of $286k, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $6.9m to $272k (-96%), an average of -48% a year. The sharpest change came in the year to June 2023, when income dropped by 95%. Over the whole period it spent 120% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wiseheart Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Korean Christian Times Corporation ($272k), Church Management & Tax Conference Inc ($273k) and Gobind Marg Society ($272k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $155k (54% of expenses). Other salaries and wages came to $56k. At year end it held assets of $196k against liabilities of $0, net assets of $196k. It reported 2 employees.