Village of Wisdom Inc

Analysis

Village of Wisdom Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Village of Wisdom Inc reported income of $3.9m and spending of $2.1m, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $553k to $3.9m (+600%), an average of +91% a year. The sharpest change came in the year to December 2020, when income rose by 220%. Over the whole period it spent 52% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Village of Wisdom Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Developing Kingdoms in Different Stages ($3.8m), The Philadelphia Education Fund ($3.9m) and Teen Cancer America Inc ($3.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $744k. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m. It reported 12 employees.