Wisdom Circles Oceania

Analysis

Wisdom Circles Oceania is a registered charity in United States, based in Kaneohe, HI. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Wisdom Circles Oceania reported income of $222k and spending of $95k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $222k (+137%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wisdom Circles Oceania sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within HI. Charities of a similar size with the same main cause include Louisiana Folk Roots Inc ($222k), Havana History & Heritage Society Inc ($222k) and Pleasant Street Civil Rights and Cultural Arts Center Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $42k (44% of expenses). At year end it held assets of $172k against liabilities of $0, net assets of $172k.