Wisdom for Asia Ministries Inc

Analysis

Wisdom for Asia Ministries Inc is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in February 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wisdom for Asia Ministries Inc reported income of $138k and spending of $169k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $138k (-10%), an average of -10% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisdom for Asia Ministries Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Great Commission Inc ($138k), Kendalia Volunteer Fire Department Inc ($138k) and Buena Park American Youth Football ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $925, net assets of $50k.