BBB Wise Giving Alliance

Analysis

BBB Wise Giving Alliance is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 1976, 50 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, BBB Wise Giving Alliance reported income of $2.2m and spending of $2.6m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.2m (+6.2%), an average of +1.5% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, BBB Wise Giving Alliance sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Olive Glen Foundation Inc ($2.2m), Hope Ignites Chicago ($2.2m) and Hindu Swayamsevak Sangh U S a Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $561k (22% of expenses). Other salaries and wages came to $947k. At year end it held assets of $1.6m against liabilities of $1.4m, net assets of $279k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.