Wholespire Inc

Analysis

Wholespire Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wholespire Inc reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $676k to $1.7m (+146%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wholespire Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Read to a Child Inc ($1.7m), Yeshivas Bais Mordechai of Teaneck Inc ($1.7m) and Learning Point Alaska Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Other salaries and wages came to $354k. At year end it held assets of $476k against liabilities of $66k, net assets of $410k. It reported 9 employees.