Wheels of Independence Inc

Analysis

Wheels of Independence Inc is a registered charity in United States, based in Wisc Rapids, WI. It received its IRS tax-exemption ruling in October 1985, 41 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 December 2022, Wheels of Independence Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $1.2m (+5.0%), an average of +1.6% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wheels of Independence Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WI. Charities of a similar size with the same main cause include Newtowne School Incorporated ($1.2m), Mill Valley Livearts ($1.2m) and Panhandle Crisis Center Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $817k. At year end it held assets of $192k against liabilities of $37k, net assets of $155k. It reported 44 employees.