The Wheelhouse Inc

Analysis

The Wheelhouse Inc is a registered charity in United States, based in Deer Park, TX. It received its IRS tax-exemption ruling in August 1989, 37 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, The Wheelhouse Inc reported income of $562k and spending of $612k, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $258k to $562k (+118%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Wheelhouse Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Denver Curling Club ($562k), Good Samaritan Regional Health Center Foundation ($563k) and Nebraska Youth Center ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 41% of the total. Other salaries and wages came to $91k. At year end it held assets of $2.9m against liabilities of $1.1m, net assets of $1.8m. It reported 2 employees.