Wowlife Inc

Analysis

Wowlife Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wowlife Inc reported income of $735k and spending of $857k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $534k to $735k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Wowlife Inc 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 76th percentile, and in the 76th percentile within KS. Charities of a similar size with the same main cause include Junior Achievement of Southwest Florida ($734k), Trek Medics International Inc ($735k) and Global Samaritan Resources Inc ($734k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $75k against liabilities of $4,231, net assets of $71k.