National Wheelcats Inc

Analysis

National Wheelcats Inc is a registered charity in United States, based in Guthrie, KY. It received its IRS tax-exemption ruling in October 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Wheelcats Inc reported income of $468k and spending of $276k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $701k to $468k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Wheelcats Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Helburn Meadows Gardens Obgc II Inc ($468k), Zichron Yehudah Rabbi Yehudah Leib Kagan Memorial Torah Fund ($468k) and National Church Residences ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% of the total. Compensation of current officers, directors and key employees was $42k (15% of expenses). Other salaries and wages came to $4,898. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 3 employees.