South Bay Wheelmen Foundation

Analysis

South Bay Wheelmen Foundation is a registered charity in United States, based in Redondo Beach, CA. It received its IRS tax-exemption ruling in November 2011, 15 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 September 2023, South Bay Wheelmen Foundation reported income of $79k and spending of $74k, spending 94% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $81k to $79k (-2.1%), an average of -2.1% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Bay Wheelmen Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Santa Cruz County Intergroup Inc ($79k), Lifestream Global Ministries Inc ($79k) and South Carolina Black Pride Inc ($79k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.