Wise Penny Inc
Wise Penny Inc consistently operates with no executive compensation and zero liabilities, maintaining stable assets.
EIN: 201507052 · Manitowoc, WI · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $325K |
| Total Expenses | $315K |
| Program Spending | 90% |
| Net Assets | $432K |
| Transparency Score | 92/100 |
Is Wise Penny Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wise Penny Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wise Penny Inc
Wise Penny Inc (EIN: 201507052) is a nonprofit organization based in Manitowoc, WI, classified under NTEE code P29. The organization reported total revenue of $325K and total assets of $414K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wise Penny Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wise Penny Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $309K |
| Total Expenses | $315K |
| Surplus / Deficit | $-6,663 |
| Total Assets | $432K |
| Net Assets | $432K |
| Operating Margin | -2.2% |
| Months of Reserves | 16.5 months |
Financial Health Grade: B
In 2023, Wise Penny Inc reported a deficit of $7K with expenses exceeding revenue, holds 16.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Wise Penny Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +8.7% | -1.5% |
| 2022 | +6.4% | +7.7% | -1.9% |
| 2021 | +47.0% | +34.0% | -1.0% |
| 2020 | -29.4% | -22.3% | -4.4% |
| 2019 | +5.5% | +4.1% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Wise Penny Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Wise Penny Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Executive Compensation Analysis
Wise Penny Inc consistently reports 0% officer compensation across all 13 available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size and operational history.
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 Wise Penny Inc's IRS 990 filings:
- Slightly negative net income in recent years (e.g., 202312: $308,623 revenue vs. $315,286 expenses)
- Gradual decline in total assets over the long term (from $521,104 in 201412 to $432,493 in 202312)
Strengths
The following positive indicators were identified for Wise Penny Inc:
- Zero reported officer compensation across all filings, indicating high efficiency in resource allocation.
- No reported liabilities across all 13 filings, demonstrating strong financial stability and low risk.
- Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency.
- Healthy asset base relative to annual revenue, providing financial resilience.
- Consistent operational activity with revenues generally covering expenses.
Frequently Asked Questions about Wise Penny Inc
Is Wise Penny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wise Penny Inc (EIN: 201507052) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Wise Penny Inc spend its money?
Wise Penny Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wise Penny Inc tax-deductible?
Wise Penny Inc is registered as a tax-exempt nonprofit (EIN: 201507052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wise Penny Inc's spending goes to programs?
Wise Penny Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wise Penny Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Wise Penny Inc is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wise Penny Inc located?
Wise Penny Inc is headquartered in Manitowoc, Wisconsin and files with the IRS under EIN 201507052. It is classified under NTEE code P29.
How many years of IRS 990 filings does Wise Penny Inc have?
Wise Penny Inc has 13 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 $325K in total revenue.
Is Wise Penny Inc a good charity?
Based on the provided data, Wise Penny Inc appears to be a financially sound and efficient charity. It consistently operates without executive compensation and carries no liabilities, suggesting a strong commitment to program delivery and responsible financial management.
How does Wise Penny Inc manage its assets?
Wise Penny Inc has maintained a substantial asset base, reported at $432,493 in the latest period, with no liabilities. While assets have slightly decreased over time from a high of $521,104 in 201412, they remain robust relative to its annual revenue, indicating good stewardship and financial reserves.
What is the trend in Wise Penny Inc's revenue and expenses?
Wise Penny Inc's revenue and expenses have shown a general upward trend over the years, with revenue increasing from $225,271 in 201412 to $308,623 in 202312. Expenses have largely tracked revenue, indicating consistent operational activity and a balanced budget, with expenses slightly exceeding revenue in some recent periods like 202312 ($315,286 expenses vs. $308,623 revenue).
Filing History
IRS 990 filing history for Wise Penny Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wise Penny Inc's revenue has grown by 55.5%, moving from $199K to $309K. Total assets decreased by 12.6% over the same period, from $495K to $432K. Total functional expenses rose by 76%, from $179K to $315K. In its most recent filing year (2023), Wise Penny Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $309K | $315K | $432K | $0 | — | View 990 |
| 2022 | $281K | $290K | $439K | $0 | — | View 990 |
| 2021 | $265K | $269K | $448K | $0 | — | — |
| 2020 | $180K | $201K | $452K | $0 | — | View 990 |
| 2019 | $255K | $259K | $473K | $0 | — | View 990 |
| 2018 | $242K | $248K | $477K | $0 | — | View 990 |
| 2017 | $233K | $239K | $484K | $0 | — | View 990 |
| 2016 | $250K | $252K | $489K | $0 | — | View 990 |
| 2015 | $220K | $250K | $491K | $0 | — | View 990 |
| 2014 | $225K | $244K | $521K | $0 | — | View 990 |
| 2013 | $231K | $180K | $540K | $0 | — | View 990 |
| 2012 | $212K | $146K | $490K | $0 | — | View 990 |
| 2011 | $199K | $179K | $495K | $95K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $309K, expenses of $315K, and assets of $432K (revenue +9.7% year-over-year).
- 2022: Revenue of $281K, expenses of $290K, and assets of $439K (revenue +6.4% year-over-year).
- 2021: Revenue of $265K, expenses of $269K, and assets of $448K (revenue +47.0% year-over-year).
- 2020: Revenue of $180K, expenses of $201K, and assets of $452K (revenue -29.4% year-over-year).
- 2019: Revenue of $255K, expenses of $259K, and assets of $473K (revenue +5.5% year-over-year).
- 2018: Revenue of $242K, expenses of $248K, and assets of $477K (revenue +3.7% year-over-year).
- 2017: Revenue of $233K, expenses of $239K, and assets of $484K (revenue -6.8% year-over-year).
- 2016: Revenue of $250K, expenses of $252K, and assets of $489K (revenue +13.4% year-over-year).
- 2015: Revenue of $220K, expenses of $250K, and assets of $491K (revenue -2.1% year-over-year).
- 2014: Revenue of $225K, expenses of $244K, and assets of $521K (revenue -2.6% year-over-year).
- 2013: Revenue of $231K, expenses of $180K, and assets of $540K (revenue +9.2% year-over-year).
- 2012: Revenue of $212K, expenses of $146K, and assets of $490K (revenue +6.7% year-over-year).
- 2011: Revenue of $199K, expenses of $179K, and assets of $495K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wise Penny Inc:
Data Sources and Methodology
This transparency report for Wise Penny 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.