Wheels From the Heart Inc

Analysis

Wheels From the Heart Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, Wheels From the Heart Inc reported income of $69k and spending of $69k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $188k to $69k (-63%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wheels From the Heart Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include PTA Tennessee Congress of Parents & Teachers Inc ($69k), Help of Carpinteria ($69k) and Marengo Area Schools Education Foundation Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,179 against liabilities of $0, net assets of $6,179.

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.