Wheel B Herd Inc

Analysis

Wheel B Herd Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2023, Wheel B Herd Inc reported income of $110k and spending of $140k, spending 128% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income fell from $179k to $110k (-39%), an average of -39% a year. The sharpest change came in the year to March 2023, when income dropped by 39%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wheel B Herd Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Woodley Youth Cricket Academy ($110k), Winsted Playground Association ($110k) and Riverview Junior Football Association ($110k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $47k against liabilities of $407, net assets of $46k.