Cartwheelri

Analysis

Cartwheelri is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Cartwheelri reported income of $97k and spending of $99k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $97k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cartwheelri sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 31st percentile within RI. Charities of a similar size with the same main cause include St Thomas Episcopal Church Thrift Store Inc ($97k), Joyj Initiative ($97k) and Touch a Heart Foundation Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.