Wirepoints Corp

Analysis

Wirepoints Corp is a registered charity in United States, based in Wilmette, IL. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Wirepoints Corp reported income of $294k and spending of $689k, spending 234% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $294k (+265%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 1288%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wirepoints Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Fieldguides Incorporated ($294k), Murrieta National Little League Inc ($294k) and Acofp Educational and Research ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $200k (29% of expenses). Other salaries and wages came to $295k. At year end it held assets of $348k against liabilities of $91k, net assets of $258k. It reported 8 employees.