Words of Wisdom

Analysis

Words of Wisdom is a registered charity in United States, based in Peoria, AZ. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Words of Wisdom reported income of $159k and spending of $186k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $183k to $159k (-13%), an average of -13% a year. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Words of Wisdom sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within AZ. Charities of a similar size with the same main cause include Catholic Service Board ($159k), Progressive Eldercare Services Conway Inc ($159k) and Becklar Cares Foundation ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $40k, net assets of $11k.