Wisdom of the Heart Church
Analysis
Wisdom of the Heart Church is a registered charity in United States, based in Arcata, CA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.
In the financial year ending December 2023, Wisdom of the Heart Church reported income of $1.1m and spending of $965k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 77% of the income it received.
Among 31,138 United States charities whose main cause is religion and that reported income, Wisdom of the Heart Church sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Christs Hope and Reconciliation Ministry ($1.1m), Bridal Glory International ($1.1m) and Maysharim Inc ($1.1m).
On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $85k (8.8% of expenses). Other salaries and wages came to $102k. At year end it held assets of $2.7m against liabilities of $210k, net assets of $2.5m. It reported 6 employees.
Income and spending
Where the income comes from
- Contributions & grants 1.0%
- Program services 99%
- Other 0.1%
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Christs Hope and Reconciliation Ministry | Houston | $1.1m |
| Bridal Glory International | Baton Rouge | $1.1m |
| Maysharim Inc | Lakewood | $1.1m |
| St Michael Records Inc | Dayton | $1.1m |