Free Wheels For Kids Inc
EIN: 371663934 · Kansas City, KS
| Metric | Value |
|---|---|
| Total Expenses | $87K |
| Net Assets | $31K |
Is Free Wheels For Kids Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Free Wheels For Kids Inc
Free Wheels For Kids Inc (EIN: 371663934) is a nonprofit organization based in Kansas City, KS. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Free Wheels For Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Free Wheels For Kids Inc is a micro nonprofit, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $87K |
| Surplus / Deficit | $-26,888 |
| Total Assets | $42K |
| Total Liabilities | $11K |
| Net Assets | $31K |
| Operating Margin | -44.5% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2015, Free Wheels For Kids Inc reported a deficit of $27K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
Over 4 years of filings (2012–2015), Free Wheels For Kids Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -49.6% | -12.7% | -39.8% |
| 2014 | +33.3% | +42.0% | +42.0% |
| 2013 | +69.4% | +148.4% | +163.7% |
AI Analysis Pending
AI enrichment for Free Wheels For Kids 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 Free Wheels For Kids 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.6%.
Frequently Asked Questions about Free Wheels For Kids Inc
Is Free Wheels For Kids Inc a legitimate charity?
Free Wheels For Kids Inc (EIN: 371663934) is a registered tax-exempt nonprofit based in Kansas. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Free Wheels For Kids Inc spend its money?
Free Wheels For Kids Inc reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Free Wheels For Kids Inc tax-deductible?
Free Wheels For Kids Inc is registered as a tax-exempt nonprofit (EIN: 371663934). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Free Wheels For Kids Inc located?
Free Wheels For Kids Inc is headquartered in Kansas City, Kansas and files with the IRS under EIN 371663934.
How many years of IRS 990 filings does Free Wheels For Kids Inc have?
Free Wheels For Kids Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Free Wheels For Kids Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Free Wheels For Kids Inc's revenue has grown by 13.7%, moving from $53K to $60K. Total assets increased by 125.3% over the same period, from $19K to $42K. Total functional expenses rose by 208%, from $28K to $87K. In its most recent filing year (2015), Free Wheels For Kids Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $11K in liabilities against $42K in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $31K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $60K | $87K | $42K | $11K | — | View 990 |
| 2014 | $120K | $100K | $70K | $12K | — | View 990 |
| 2013 | $90K | $70K | $49K | $8K | — | View 990 |
| 2012 | $53K | $28K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $60K, expenses of $87K, and assets of $42K (revenue -49.6% year-over-year).
- 2014: Revenue of $120K, expenses of $100K, and assets of $70K (revenue +33.3% year-over-year).
- 2013: Revenue of $90K, expenses of $70K, and assets of $49K (revenue +69.4% year-over-year).
- 2012: Revenue of $53K, expenses of $28K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Free Wheels For Kids Inc:
Data Sources and Methodology
This transparency report for Free Wheels For Kids 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.