Wigs for Kids Inc

Analysis

Wigs for Kids Inc is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Wigs for Kids Inc reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $990k to $1.5m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Wigs for Kids Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Columbia County Community Healthcare Consortium Inc ($1.5m), Midwest Geriatrics Inc ($1.5m) and Prenatal and Infant Health Care Coalition of Brevard County Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $88k (6.2% of expenses). Other salaries and wages came to $312k. It paid $18k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $45k, net assets of $1.4m. It reported 19 employees.