Louisville Wheels Transportation Inc

Analysis

Louisville Wheels Transportation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 2008, 18 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 June 2023, Louisville Wheels Transportation Inc reported income of $3.1m and spending of $2.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.1m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Louisville Wheels Transportation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Hospice of the Prairie Inc ($3.1m), Nnemap Inc ($3.1m) and New York Council of Nonprofits Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $108k (4.0% of expenses). Other salaries and wages came to $989k. At year end it held assets of $5.7m against liabilities of $117k, net assets of $5.6m. It reported 43 employees.