Wisdomworks

Analysis

Wisdomworks is a registered charity in United States, based in El Cajon, CA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Wisdomworks reported income of $461k and spending of $491k, spending 106% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $342k to $461k (+35%), an average of +6.1% a year. The sharpest change came in the year to July 2022, when income rose by 135%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wisdomworks sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Community Alliance Residential Services ($461k), 58ten Inc ($461k) and Flowers & Bullets ($461k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $142k (29% of expenses). Other salaries and wages came to $155k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 13 employees.