Makeup on Wheels Foundation Inc

Analysis

Makeup on Wheels Foundation Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, 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, Makeup on Wheels Foundation Inc reported income of $51k and spending of $34k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $51k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Makeup on Wheels Foundation Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Island Liaison Inc ($51k), Street Patrol ($51k) and Kewanee Senior Citizens Center Site Council Inc ($51k).

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 $23k against liabilities of $9,766, net assets of $13k.