DC Wise Inc

Analysis

DC Wise Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, DC Wise Inc reported income of $121k and spending of $120k, spending 99% of its income. Across the 3 years on record, from June 2019 to June 2023, income fell from $242k to $121k (-50%), an average of -29% a year. The sharpest change came in the year to June 2022, when income dropped by 55%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, DC Wise 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 42nd percentile, and in the 22nd percentile within DC. Charities of a similar size with the same main cause include Tapal Charitable Foundation ($121k), Kaleo One Inc ($121k) and Sisters of Soul S O S Youth and Family Non Profit Corporation ($121k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.