Westmoreland Wheelhouse Inc

Analysis

Westmoreland Wheelhouse Inc is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in November 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, Westmoreland Wheelhouse Inc reported income of $60k and spending of $18k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,000 to $60k (+2918%), an average of +2918% a year. The sharpest change came in the year to December 2023, when income rose by 2918%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Westmoreland Wheelhouse Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Servants Portion Inc ($60k), Rainbow Festival Inc ($60k) and Beteseb Felega - Ethiopian Adoption Connection ($60k).

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 $45k against liabilities of $0, net assets of $45k.