Wings of Life Inc

Analysis

Wings of Life Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in March 1989, 37 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, Wings of Life Inc reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $795k to $1.2m (+48%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wings of Life Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include The Deep Run Valley Sports Association Inc ($1.2m), Columbus Capital Foundation Inc ($1.2m) and Chetek Baptist Assembly Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $405k (37% of expenses). At year end it held assets of $284k against liabilities of $4,735, net assets of $279k. It reported 13 employees.