Winning Wheels Inc

Analysis

Winning Wheels Inc is a registered charity in United States, based in Prophetstown, IL. It received its IRS tax-exemption ruling in November 1971, 55 years ago. 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 June 2023, Winning Wheels Inc reported income of $12.4m and spending of $13.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $12.4m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Winning Wheels Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Boy Scouts of America ($12.4m), New Haven Jewish Community Council Housing Corporation ($12.4m) and Utah Health Information Network Incorporated ($12.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 88% of the total. Other salaries and wages came to $6.7m. At year end it held assets of $12.2m against liabilities of $7.8m, net assets of $4.4m. It reported 246 employees.