Wholesome Riches

Analysis

Wholesome Riches is a registered charity in United States, based in Sewell, NJ. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Wholesome Riches reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $108k to $1.2m (+995%), an average of +122% a year. The sharpest change came in the year to December 2021, when income rose by 345%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wholesome Riches sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Synergy in Action Inc ($1.2m), Shock Society ($1.2m) and Raise a Child Incorporated ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (6.4% of expenses). Other salaries and wages came to $99k. At year end it held assets of $92k against liabilities of $0, net assets of $92k. It reported 5 employees.