Quick charity verification for More Than Wheels Inc (EIN: 20528886)
Verdict: More Than Wheels Inc has notable concerns
30/100Mission Score
$0Revenue
$0Assets
4Red Flags
2Strengths
Red Flags
Latest filing shows $0 revenue and $0 assets, indicating potential cessation of operations.
Consistent trend of expenses exceeding revenue in multiple historical periods (e.g., 2015, 2014, 2013, 2011).
Significant decline in assets from a peak of $1,867,325 in 2012 to $0 currently.
Lack of detailed spending breakdown (program, admin, fundraising) in the provided historical data makes efficiency analysis difficult.
Strengths
Historically reported 0% officer compensation, indicating no direct executive pay from the organization's funds.
Maintained a filing history with the IRS for several years, demonstrating some level of compliance.
Spending Breakdown
How More Than Wheels Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about More Than Wheels Inc
Is More Than Wheels Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, More Than Wheels Inc (EIN: 20528886) has notable concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
Is More Than Wheels Inc a good charity to donate to?
More Than Wheels Inc has a Mission Score of 30/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for More Than Wheels Inc?
The Employer Identification Number (EIN) for More Than Wheels Inc is 20528886. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does More Than Wheels Inc spend its money?
More Than Wheels Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify More Than Wheels Inc's tax-exempt status?
You can verify More Than Wheels Inc's tax-exempt status using EIN 20528886 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
More Than Wheels Inc. appears to be in a state of significant financial decline, as evidenced by its latest reported revenue and assets of $0. This contrasts sharply with its historical filings, which showed substantial activity. For instance, in 2012, the organization reported revenue of $1,715,426 and assets of $1,867,325. The subsequent years saw a consistent decrease in revenue and an increase in expenses relative to income, leading to a depletion of assets. The most recent filing indicating zero revenue and assets suggests either a cessation of operations or a significant change in reporting status, which raises concerns about its current operational viability and financial health.
The organization's spending efficiency, based on historical data, shows a pattern of expenses often exceeding revenue. For example, in 2015, expenses were $632,140 against revenue of $523,402. This trend of operating at a deficit, particularly in the years leading up to its current reported state, indicates potential challenges in managing its financial resources effectively. Without detailed breakdowns of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is difficult, but the overall financial trajectory is concerning.
Transparency is a mixed bag. While the organization has a filing history, the abrupt shift to $0 revenue and assets in the latest report without further context in the provided data creates a significant gap in understanding its current status. The consistent reporting of 0% officer compensation across all historical filings is a positive indicator of executive compensation transparency, suggesting that no officers were paid directly from the organization's funds during those periods. However, the lack of current financial activity makes assessing ongoing transparency challenging.