Wow China Inc

Analysis

Wow China Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in August 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, Wow China Inc reported income of $235k and spending of $220k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $251k to $235k (-6.1%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wow China Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Pathways to Learning ($235k), Abate of Anchorage Inc ($235k) and Comite Provincial Puerto Plata Inc ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $4,442. At year end it held assets of $100k against liabilities of $255k, net assets of -$154k.