Donate Cars 4 Wishes Inc
EIN: 473373919 · North Windham, CT · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $137K |
| Total Expenses | $9K |
| Net Assets | $-125,580 |
Is Donate Cars 4 Wishes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Donate Cars 4 Wishes Inc
Donate Cars 4 Wishes Inc (EIN: 473373919) is a nonprofit organization based in North Windham, CT, classified under NTEE code T30. The organization reported total revenue of $137K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Donate Cars 4 Wishes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Donate Cars 4 Wishes Inc is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -78.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4 |
| Total Expenses | $9K |
| Surplus / Deficit | $-8,898 |
| Total Assets | $3K |
| Total Liabilities | $129K |
| Net Assets | $-125,580 |
| Operating Margin | -222450.0% |
| Debt-to-Asset Ratio | 4301.4% |
| Months of Reserves | 4.0 months |
Financial Health Grade: C
In 2023, Donate Cars 4 Wishes Inc reported a deficit of $9K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 4301.4% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Donate Cars 4 Wishes Inc's revenue has declined at a compound annual growth rate (CAGR) of -78.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -24.0% | -36.0% |
| 2022 | -20.1% | -37.5% | +341.1% |
| 2021 | -13.6% | -63.8% | +101.5% |
| 2020 | -14.1% | -33.2% | -92.6% |
| 2019 | -5.2% | -6.2% | -78.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Donate Cars 4 Wishes Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Donate Cars 4 Wishes Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4301.4%.
Frequently Asked Questions about Donate Cars 4 Wishes Inc
Is Donate Cars 4 Wishes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Donate Cars 4 Wishes Inc (EIN: 473373919) insufficient data. 0 red flags identified, 0 strengths noted.
How does Donate Cars 4 Wishes Inc spend its money?
Detailed spending breakdown data is not yet available for Donate Cars 4 Wishes Inc. Check back for updated IRS 990 analysis.
Are donations to Donate Cars 4 Wishes Inc tax-deductible?
Donate Cars 4 Wishes Inc is registered as a tax-exempt nonprofit (EIN: 473373919). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Donate Cars 4 Wishes Inc located?
Donate Cars 4 Wishes Inc is headquartered in North Windham, Connecticut and files with the IRS under EIN 473373919. It is classified under NTEE code T30.
How many years of IRS 990 filings does Donate Cars 4 Wishes Inc have?
Donate Cars 4 Wishes Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $137K in total revenue.
Filing History
IRS 990 filing history for Donate Cars 4 Wishes Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Donate Cars 4 Wishes Inc's revenue has declined by 100%, moving from $205K to $4. Total assets decreased by 96.1% over the same period, from $77K to $3K. Total functional expenses fell by 97.1%, from $311K to $9K. In its most recent filing year (2023), Donate Cars 4 Wishes Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $129K in liabilities against $3K in assets (debt-to-asset ratio: 4301.4%), resulting in net assets of $-125,580.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4 | $9K | $3K | $129K | — | View 990 |
| 2022 | $35K | $12K | $5K | $121K | — | View 990 |
| 2021 | $44K | $19K | $1K | $141K | — | View 990 |
| 2020 | $51K | $52K | $525 | $166K | — | View 990 |
| 2019 | $60K | $77K | $7K | $172K | — | View 990 |
| 2018 | $63K | $82K | $34K | $176K | — | View 990 |
| 2017 | $122K | $105K | $56K | $179K | — | View 990 |
| 2016 | $205K | $311K | $77K | $204K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4, expenses of $9K, and assets of $3K (revenue -100.0% year-over-year).
- 2022: Revenue of $35K, expenses of $12K, and assets of $5K (revenue -20.1% year-over-year).
- 2021: Revenue of $44K, expenses of $19K, and assets of $1K (revenue -13.6% year-over-year).
- 2020: Revenue of $51K, expenses of $52K, and assets of $525 (revenue -14.1% year-over-year).
- 2019: Revenue of $60K, expenses of $77K, and assets of $7K (revenue -5.2% year-over-year).
- 2018: Revenue of $63K, expenses of $82K, and assets of $34K (revenue -48.4% year-over-year).
- 2017: Revenue of $122K, expenses of $105K, and assets of $56K (revenue -40.6% year-over-year).
- 2016: Revenue of $205K, expenses of $311K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Donate Cars 4 Wishes Inc:
Data Sources and Methodology
This transparency report for Donate Cars 4 Wishes Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.