Wisdomworks Ministries Inc

Analysis

Wisdomworks Ministries Inc is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Wisdomworks Ministries Inc reported income of $59k and spending of $77k, spending 131% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $54k to $59k (+9.4%), an average of +9.4% a year. Over the whole period it spent 129% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wisdomworks Ministries Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Embassy Outreach Ministries Inc ($59k), Freedom-14 Camp ($59k) and Don Betts Evangelistic Association ($59k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $22k against liabilities of $9,106, net assets of $13k.