Human Services
(P52)
IRS Verified
DX Registered
990 on File
WHEELS OF SUCCESS INC
Financial strength (30%)
66/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Wheels of Success helps keep working people working so that they are able to support themselves and provide for their families. The mission of Wheels of Success (WOS) is to provide personal transportation solutions by partnering with the community in a circle of support to keep people working and able to sustain their independence.
Financial Overview — FY 2023
$732K
Total Revenue
$737K
Total Expenses
$652K
Net Assets
2
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
92.2%
Fundraising Efficiency
62.5%
Operating Reserve
10.63x
Liability-to-Asset
2.2%
Revenue Diversification
79.2%
Executive Compensation
$93K
Compared with Peers
FY 2023
Compared with 20,874 similar organizations
(United States, Human Services, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.2% | 86.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.6% | 10.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
5.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
62.5% | 17.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
10.6 mo | 8.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.2% | 1.8% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.2% | 96.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-3.2% | 7.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
58.1% | 11.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.7% | 2.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $732K | $737K | $652K | 92.2% | 2 |
| 2022 | $756K | $466K | $660K | 89.6% | 2 |
| 2021 | $603K | $457K | N/A | — | 3 |
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