Wisdom Inc

Analysis

Wisdom Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in July 2005, 21 years ago. 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, Wisdom Inc reported income of $102k and spending of $78k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $102k (-11%), an average of -11% a year. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisdom Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within WI. Charities of a similar size with the same main cause include Charlotte Hiv-Aids People Support Inc ($102k), Hospital Auxiliary ($102k) and Legatus ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 2.0% of the total. At year end it held assets of $236k against liabilities of $0, net assets of $236k.