Wheels4hope

Analysis

Wheels4hope is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in August 2000, 26 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, Wheels4hope reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.7m (+2.6%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wheels4hope sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include College Area Pregnancy Services Inc ($1.7m), Riverstone Senior Life Services Inc ($1.7m) and Sabin Community Development Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $83k (4.8% of expenses). Other salaries and wages came to $138k. It paid $29k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $836k, net assets of $437k. It reported 8 employees.