Wisdom Community

Analysis

Wisdom Community is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 2021, 5 years ago. 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, Wisdom Community reported income of $193k and spending of $112k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $193k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisdom Community sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include Fairfield Police Foundation CT Inc ($193k), Reigning Grace Counseling Center ($193k) and Newton Girls Softball Inc ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.