Wise Alliance

Analysis

Wise Alliance is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wise Alliance reported income of $824k and spending of $768k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $513k to $824k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. 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, Wise Alliance sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Scago Educational Facilities Corporation for Sumter 17 School D ($823k), The Litchfield Scholarship Association Inc ($824k) and American Indian Chamber Education Fund ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $116k (15% of expenses). Other salaries and wages came to $284k. At year end it held assets of $89k against liabilities of $123k, net assets of -$34k. It reported 30 employees.