Wheels & Keels Foundation Inc

Analysis

Wheels & Keels Foundation Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in December 2015, 11 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 June 2023, Wheels & Keels Foundation Inc reported income of $171k and spending of $173k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $110k to $171k (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 324%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wheels & Keels Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Make a Stand Bully Rescue ($171k), Christmas for Kids Inc ($171k) and Elgin Livestock Show Association ($171k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $168k against liabilities of $16k, net assets of $151k.