Better Wiser Stronger Inc
EIN: 462963603 · Grand Rapids, MI · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $324K |
| Total Expenses | $182K |
| Net Assets | $402K |
Is Better Wiser Stronger Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Better Wiser Stronger Inc
Better Wiser Stronger Inc (EIN: 462963603) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code P20. The organization reported total revenue of $324K and total assets of $488K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Better Wiser Stronger Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Better Wiser Stronger Inc is a small nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 68.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $447K |
| Total Expenses | $182K |
| Surplus / Deficit | +$265K |
| Total Assets | $402K |
| Net Assets | $402K |
| Operating Margin | 59.3% |
| Months of Reserves | 26.5 months |
Financial Health Grade: A
In 2023, Better Wiser Stronger Inc reported a surplus of $265K with revenue exceeding expenses, holds 26.5 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2020–2023), Better Wiser Stronger Inc's revenue has grown at a compound annual growth rate (CAGR) of 68.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +104.3% | +12.3% | +605.1% |
| 2022 | +24.2% | +67.1% | -28.2% |
| 2021 | +89.5% | +4.2% | +7932000.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Better Wiser Stronger Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Better Wiser Stronger Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $265K, with revenue exceeding expenses.
Frequently Asked Questions about Better Wiser Stronger Inc
Is Better Wiser Stronger Inc a legitimate charity?
Better Wiser Stronger Inc (EIN: 462963603) is a registered tax-exempt nonprofit based in Michigan. It has 4 years of IRS 990 filings on record. Total revenue: $324K. No red flags identified. Financial health grade: A.
How does Better Wiser Stronger Inc spend its money?
Better Wiser Stronger Inc reported $324K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Better Wiser Stronger Inc tax-deductible?
Better Wiser Stronger Inc is registered as a tax-exempt nonprofit (EIN: 462963603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Better Wiser Stronger Inc located?
Better Wiser Stronger Inc is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 462963603. It is classified under NTEE code P20.
How many years of IRS 990 filings does Better Wiser Stronger Inc have?
Better Wiser Stronger Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $324K in total revenue.
Filing History
IRS 990 filing history for Better Wiser Stronger Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Better Wiser Stronger Inc's revenue has grown by 380.8%, moving from $93K to $447K. Total assets increased by 40165700% over the same period, from $1 to $402K. Total functional expenses rose by 95.6%, from $93K to $182K. In its most recent filing year (2023), Better Wiser Stronger Inc reported a surplus of $265K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $447K | $182K | $402K | $0 | — | View 990 |
| 2022 | $219K | $162K | $57K | $0 | — | View 990 |
| 2021 | $176K | $97K | $79K | $0 | — | View 990 |
| 2020 | $93K | $93K | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $447K, expenses of $182K, and assets of $402K (revenue +104.3% year-over-year).
- 2022: Revenue of $219K, expenses of $162K, and assets of $57K (revenue +24.2% year-over-year).
- 2021: Revenue of $176K, expenses of $97K, and assets of $79K (revenue +89.5% year-over-year).
- 2020: Revenue of $93K, expenses of $93K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Better Wiser Stronger Inc:
Data Sources and Methodology
This transparency report for Better Wiser Stronger Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.