Friends of Wheeling Inc

Analysis

Friends of Wheeling Inc is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in March 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Wheeling Inc reported income of $197k and spending of $35k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $197k (+11%), an average of +11% a year. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Wheeling Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within WV. Charities of a similar size with the same main cause include Catholic Charities Housing Sarasota Inc ($197k), Reconnect Rochester Inc ($197k) and North Dakota Knights of Columbus Foundation ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 1.7% of the total. At year end it held assets of $738k against liabilities of $0, net assets of $738k.