The Wisdom Connection Inc
The Wisdom Connection Inc faces persistent revenue shortfalls and declining assets, with negative revenue reported in 2023.
EIN: 200288195 · Greensboro, VT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $923K |
| Total Expenses | $316K |
| Program Spending | 75% |
| Net Assets | $1.7M |
| Transparency Score | 45/100 |
Is The Wisdom Connection Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Wisdom Connection Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Wisdom Connection Inc
The Wisdom Connection Inc (EIN: 200288195) is a nonprofit organization based in Greensboro, VT, classified under NTEE code T20. The organization reported total revenue of $923K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Wisdom Connection Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Wisdom Connection Inc is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -108.1% | +21.2% | -5.3% |
| 2022 | +26.3% | -4.2% | -28.6% |
| 2021 | +193.7% | +9.0% | +0.0% |
| 2020 | -60.3% | -11.9% | +4.0% |
| 2019 | -46.3% | +10.1% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Wisdom Connection Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Wisdom Connection Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led structure or that executive compensation is not reported under this category, which enhances transparency regarding direct salary costs but may obscure other forms of compensation or operational overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Wisdom Connection Inc's IRS 990 filings:
- Negative revenue reported in 2023 (-$16,801), indicating severe financial distress.
- Consistent decline in assets from $2,886,332 in 2013 to $1,692,506 in 2023, suggesting reliance on reserves.
- Expenses frequently exceed revenue across multiple years (e.g., 2022: Revenue $208,111, Expenses $261,100; 2021: Revenue $164,749, Expenses $272,426).
- Unusual and consistent reporting of $1 in liabilities across many filing periods, raising questions about financial transparency and accuracy.
- Lack of clear financial sustainability plan given the ongoing deficit spending.
Strengths
The following positive indicators were identified for The Wisdom Connection Inc:
- No reported officer compensation, suggesting a volunteer-driven leadership or efficient use of funds in this area.
- Maintains a substantial asset base ($1,625,767 latest reported), providing some financial cushion despite declining trends.
Frequently Asked Questions about The Wisdom Connection Inc
Is The Wisdom Connection Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Wisdom Connection Inc (EIN: 200288195) significant concerns. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
How does The Wisdom Connection Inc spend its money?
The Wisdom Connection Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Wisdom Connection Inc tax-deductible?
The Wisdom Connection Inc is registered as a tax-exempt nonprofit (EIN: 200288195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Wisdom Connection Inc's spending goes to programs?
The Wisdom Connection Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Wisdom Connection Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), The Wisdom Connection Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Wisdom Connection Inc located?
The Wisdom Connection Inc is headquartered in Greensboro, Vermont and files with the IRS under EIN 200288195. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Wisdom Connection Inc have?
The Wisdom Connection Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $923K in total revenue.
Why did The Wisdom Connection Inc report negative revenue of -$16,801 in 2023?
Negative revenue can occur due to returns, refunds, or significant adjustments, but such a figure warrants further investigation into the organization's financial operations and sustainability.
What is the cause of the consistent decline in assets from $2,886,332 in 2013 to $1,692,506 in 2023?
The decline in assets, coupled with expenses frequently exceeding revenue, suggests the organization may be drawing down its reserves to cover operational costs, which is not sustainable long-term.
How does The Wisdom Connection Inc sustain its operations with revenue often less than expenses?
The organization appears to be relying on its existing asset base to cover operational deficits, as evidenced by the declining asset values over time. This model is not sustainable without a significant increase in revenue or reduction in expenses.
What is the breakdown of program, administrative, and fundraising expenses, given the available data?
Without specific line-item expense breakdowns in the provided data, it's challenging to precisely determine the allocation. However, the consistent deficit spending suggests that overall expenses, regardless of category, are not being adequately covered by revenue.
Why are liabilities consistently reported as $1 across multiple years?
Reporting $1 in liabilities across many years, especially with varying asset and expense levels, is highly unusual and could indicate an error in reporting or a simplified accounting practice that does not accurately reflect all financial obligations.
Filing History
IRS 990 filing history for The Wisdom Connection Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Wisdom Connection Inc's revenue has declined by 115.5%, moving from $108K to $-16,801. Total assets decreased by 27.6% over the same period, from $2.3M to $1.7M. Total functional expenses rose by 48.1%, from $214K to $316K. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-16,801 | $316K | $1.7M | $1 | — | View 990 |
| 2022 | $208K | $261K | $1.8M | $1 | — | View 990 |
| 2021 | $165K | $272K | $2.5M | $1 | — | View 990 |
| 2020 | $56K | $250K | $2.5M | $1 | — | — |
| 2019 | $141K | $284K | $2.4M | $1 | — | — |
| 2015 | $263K | $258K | $2.6M | $391 | — | View 990 |
| 2014 | $313K | $241K | $2.8M | $1K | — | View 990 |
| 2013 | $217K | $216K | $2.9M | $1K | — | View 990 |
| 2012 | $164K | $233K | $2.6M | $3K | — | View 990 |
| 2011 | $108K | $214K | $2.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-16,801, expenses of $316K, and assets of $1.7M (revenue -108.1% year-over-year).
- 2022: Revenue of $208K, expenses of $261K, and assets of $1.8M (revenue +26.3% year-over-year).
- 2021: Revenue of $165K, expenses of $272K, and assets of $2.5M (revenue +193.7% year-over-year).
- 2020: Revenue of $56K, expenses of $250K, and assets of $2.5M (revenue -60.3% year-over-year).
- 2019: Revenue of $141K, expenses of $284K, and assets of $2.4M (revenue -46.3% year-over-year).
- 2015: Revenue of $263K, expenses of $258K, and assets of $2.6M (revenue -16.0% year-over-year).
- 2014: Revenue of $313K, expenses of $241K, and assets of $2.8M (revenue +44.4% year-over-year).
- 2013: Revenue of $217K, expenses of $216K, and assets of $2.9M (revenue +31.9% year-over-year).
- 2012: Revenue of $164K, expenses of $233K, and assets of $2.6M (revenue +51.4% year-over-year).
- 2011: Revenue of $108K, expenses of $214K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Wisdom Connection Inc:
Data Sources and Methodology
This transparency report for The Wisdom Connection 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.