Maggies Wigs 4 Kids of Michigan Inc

Analysis

Maggies Wigs 4 Kids of Michigan Inc is a registered charity in United States, based in St CLR Shores, MI. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Maggies Wigs 4 Kids of Michigan Inc reported income of $890k and spending of $896k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $935k to $890k (-4.9%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maggies Wigs 4 Kids of Michigan Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Knowbility Inc ($890k), Food Tank the Think Tank for Food ($890k) and Drop-In Self-Help Center ($890k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $82k (9.1% of expenses). Other salaries and wages came to $183k. At year end it held assets of $1.8m against liabilities of $14k, net assets of $1.8m.