Ferris Wheel Innovation Center

Analysis

Ferris Wheel Innovation Center is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ferris Wheel Innovation Center reported income of $809k and spending of $1.2m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $982k to $809k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ferris Wheel Innovation Center sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Western Harnett Overhills Area PTO Thrift Store ($809k), The National Association for Urban Debate Leagues ($809k) and Au Clair de Lune Inc ($809k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $163k (14% of expenses). Other salaries and wages came to $390k. At year end it held assets of $451k against liabilities of $440k, net assets of $11k. It reported 38 employees.