Wheeling Forward Inc

Analysis

Wheeling Forward Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Wheeling Forward Inc reported income of $202k and spending of $252k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $902k to $202k (-78%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wheeling Forward Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Suns Smile Senior Care ($202k), Welcome Home Alliance for Veterans ($202k) and Hygiene4all ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $24k (9.5% of expenses). Other salaries and wages came to $190. At year end it held assets of $235k against liabilities of $388k, net assets of -$153k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.