Reach Out & Care Wheels Inc

Analysis

Reach Out & Care Wheels Inc is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in July 2004, 22 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, Reach Out & Care Wheels Inc reported income of $190k and spending of $216k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $256k to $190k (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reach Out & Care Wheels Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MT. Charities of a similar size with the same main cause include Salem NH Farmers Market ($190k), Pelham School Age Child Care ($190k) and Hanover Township Foundation ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $171k against liabilities of $911, net assets of $170k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.