Happy Wheels Inc

Analysis

Happy Wheels Inc is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Happy Wheels Inc reported income of $359k and spending of $252k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $359k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 149%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Happy Wheels Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Wholelife Authentic Care ($359k), Mend Crisis Pregnancy Center ($359k) and Hope Therapeutic Horsemanship Center Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $88k. At year end it held assets of $358k against liabilities of $0, net assets of $358k. It reported 1 employees.