Wheeler East Street Holdings Inc

Analysis

Wheeler East Street Holdings Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Wheeler East Street Holdings Inc reported income of $104k and spending of $758k, spending 731% of what it took in. The sharpest change came in the year to May 2021, when income rose by 1225%. Over the whole period it spent 570% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wheeler East Street Holdings Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within IN. Charities of a similar size with the same main cause include Girls Inc Foundation ($104k), Bridges to the Past ($104k) and Houston Area Gusii Association ($104k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $18.4m against liabilities of $9.1m, net assets of $9.3m.

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.