Wisdom of the Elders Incorporated

Analysis

Wisdom of the Elders Incorporated is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1995, 31 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 of the Elders Incorporated reported income of $1.0m and spending of $1.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $1.0m (+94%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 96% 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 of the Elders Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OR. Charities of a similar size with the same main cause include Film Pittsburgh ($1.0m), Mobius Spokane ($1.0m) and Tikkun Olam Productions Incorporated ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $71k (7.1% of expenses). Other salaries and wages came to $427k. At year end it held assets of $293k against liabilities of $31k, net assets of $262k. It reported 19 employees.