Living Wisdom School of Palo Alto

Analysis

Living Wisdom School of Palo Alto is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Living Wisdom School of Palo Alto reported income of $2.4m and spending of $1.7m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Living Wisdom School of Palo Alto sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Peconic Community School ($2.4m), Association of Independent Colleges & Universities of Pennsylvania ($2.4m) and Pillars Preparatory Academy Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $103k (5.9% of expenses). Other salaries and wages came to $977k. At year end it held assets of $2.5m against liabilities of $898, net assets of $2.5m. It reported 30 employees.