Maggies Wigs 4 Kids Of Michigan Inc

Maggies Wigs 4 Kids Of Michigan Inc maintains strong asset growth and zero officer compensation, with a slight deficit in 2023.

EIN: 200374667 · St Clr Shores, MI · NTEE: P20 · Updated: 2026-03-28

$891KRevenue

$1.8MAssets

95/100Mission Score (Excellent)

P20

About Maggies Wigs 4 Kids Of Michigan Inc

Maggies Wigs 4 Kids Of Michigan Inc (EIN: 200374667) is a nonprofit organization based in St Clr Shores, MI, classified under NTEE code P20. The organization reported total revenue of $891K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maggies Wigs 4 Kids Of Michigan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Maggies Wigs 4 Kids Of Michigan Inc demonstrates consistent financial health, with assets growing steadily from $442,359 in 2014 to $1,837,107 in 2023. The organization generally operates with a surplus, as seen in most years where revenue exceeds expenses, though 2023 saw a slight deficit with expenses ($895,955) exceeding revenue ($889,856). This indicates a generally sustainable financial model. The organization's liabilities remain very low, consistently under $15,000 in recent years, which is a strong indicator of financial stability and low debt risk.

The organization's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services rather than administrative overhead or executive salaries. While a detailed breakdown of program vs. administrative vs. fundraising expenses isn't provided in the summary data, the absence of officer compensation is a significant positive for efficiency and donor confidence. The consistent growth in assets alongside stable revenue streams further supports a well-managed financial operation.

Transparency is high, evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear disclosure of zero officer compensation. This level of detail and consistency in reporting allows for a thorough analysis of the organization's financial activities. The low liabilities and growing asset base, combined with the lack of executive compensation, paint a picture of a financially responsible and transparent charity focused on its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Maggies Wigs 4 Kids Of Michigan Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Maggies Wigs 4 Kids Of Michigan Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with nearly $900,000 in annual revenue and over $1.8 million in assets, suggesting a strong volunteer-driven leadership model or compensation through other means not reported as officer compensation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Maggies Wigs 4 Kids Of Michigan Inc's IRS 990 filings:

Slight deficit in 2023 (expenses exceeded revenue by $6,099)

Strengths

The following positive indicators were identified for Maggies Wigs 4 Kids Of Michigan Inc:

Consistent asset growth ($442,359 in 2014 to $1,837,107 in 2023)
Zero officer compensation reported across all filings
Very low liabilities, indicating strong financial stability
Consistent filing of IRS Form 990s (13 filings)
Generally operates with a revenue surplus

Frequently Asked Questions about Maggies Wigs 4 Kids Of Michigan Inc

How does Maggies Wigs 4 Kids Of Michigan Inc manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that key leadership roles may be filled by volunteers, or compensation is structured in a way that is not classified as officer compensation on the 990 form. This is a significant factor in their financial efficiency.

What caused the slight deficit in 2023?

In 2023, expenses ($895,955) slightly exceeded revenue ($889,856), resulting in a minor deficit. This could be due to increased program activities, one-time expenditures, or a slight dip in fundraising compared to the previous year, but it's a small deviation from their usual surplus.

Is the organization's asset growth sustainable?

Yes, the organization has shown consistent and significant asset growth, from $442,359 in 2014 to $1,837,107 in 2023. This growth, coupled with generally positive net income years, suggests a sustainable financial strategy and effective asset management.

Filing History

IRS 990 filing history for Maggies Wigs 4 Kids Of Michigan Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Maggies Wigs 4 Kids Of Michigan Inc's revenue has grown by 76.9%, moving from $503K to $890K. Total assets increased by 400.3% over the same period, from $367K to $1.8M. Total functional expenses rose by 79.2%, from $500K to $896K. In its most recent filing year (2023), Maggies Wigs 4 Kids Of Michigan Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $14K in liabilities against $1.8M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $1.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$890K	$896K	$1.8M	$14K	—	View 990
2022	$876K	$828K	$1.6M	$9K	—	—
2021	$912K	$721K	$1.6M	$5K	—	View 990
2020	$694K	$532K	$1.4M	$54K	—	View 990
2019	$935K	$572K	$1.3M	$125K	—	View 990
2018	$695K	$569K	$841K	$6K	—	View 990
2017	$708K	$491K	$712K	$3K	—	View 990
2016	$506K	$479K	$500K	$3K	—	View 990
2015	$584K	$554K	$474K	$5K	—	View 990
2014	$617K	$556K	$442K	$3K	—	View 990
2013	$465K	$469K	$381K	$2K	—	View 990
2012	$393K	$369K	$386K	$3K	—	View 990
2011	$503K	$500K	$367K	$8K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $890K, expenses of $896K, and assets of $1.8M (revenue +1.6% year-over-year).
2022: Revenue of $876K, expenses of $828K, and assets of $1.6M (revenue -3.9% year-over-year).
2021: Revenue of $912K, expenses of $721K, and assets of $1.6M (revenue +31.3% year-over-year).
2020: Revenue of $694K, expenses of $532K, and assets of $1.4M (revenue -25.7% year-over-year).
2019: Revenue of $935K, expenses of $572K, and assets of $1.3M (revenue +34.6% year-over-year).
2018: Revenue of $695K, expenses of $569K, and assets of $841K (revenue -1.8% year-over-year).
2017: Revenue of $708K, expenses of $491K, and assets of $712K (revenue +39.8% year-over-year).
2016: Revenue of $506K, expenses of $479K, and assets of $500K (revenue -13.4% year-over-year).
2015: Revenue of $584K, expenses of $554K, and assets of $474K (revenue -5.3% year-over-year).
2014: Revenue of $617K, expenses of $556K, and assets of $442K (revenue +32.8% year-over-year).
2013: Revenue of $465K, expenses of $469K, and assets of $381K (revenue +18.4% year-over-year).
2012: Revenue of $393K, expenses of $369K, and assets of $386K (revenue -22.0% year-over-year).
2011: Revenue of $503K, expenses of $500K, and assets of $367K.

Data Sources and Methodology

This transparency report for Maggies Wigs 4 Kids Of Michigan 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.