Wings Collective Services

Analysis

Wings Collective Services is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Wings Collective Services reported income of $258k and spending of $233k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,747 to $258k (+9299%), an average of +9299% a year. The sharpest change came in the year to December 2023, when income rose by 9299%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wings Collective Services sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Manhattan Ace Inc ($258k), Hawaii Education Association ($258k) and Watchung Borough Parent-Teacher Organization ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $73k (31% of expenses). At year end it held assets of $30k against liabilities of $0, net assets of $30k.