Potters Wheel Inc
Potters Wheel Inc shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 202270171 · Fisherville, KY · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $453K |
| Total Expenses | $217K |
| Program Spending | 85% |
| Net Assets | $707K |
| Transparency Score | 90/100 |
Is Potters Wheel Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Potters Wheel Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Potters Wheel Inc
Potters Wheel Inc (EIN: 202270171) is a nonprofit organization based in Fisherville, KY, classified under NTEE code X20. The organization reported total revenue of $453K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Potters Wheel Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Potters Wheel Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $217K |
| Surplus / Deficit | +$96K |
| Total Assets | $1.1M |
| Total Liabilities | $399K |
| Net Assets | $707K |
| Operating Margin | 30.7% |
| Debt-to-Asset Ratio | 36.0% |
| Months of Reserves | 61.0 months |
Financial Health Grade: A
In 2023, Potters Wheel Inc reported a surplus of $96K with revenue exceeding expenses, holds 61.0 months of operating reserves (strong position), has a debt-to-asset ratio of 36.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Potters Wheel Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | -3.7% | +31.2% |
| 2022 | +16.3% | +17.8% | +2.2% |
| 2021 | -7.2% | +1.2% | -2.6% |
| 2020 | +24.9% | +25.2% | +4.0% |
| 2019 | -27.0% | -21.3% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Potters Wheel Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Potters Wheel Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $96K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.0%.
Executive Compensation Analysis
Potters Wheel Inc has consistently reported 0% officer compensation across all 13 available filings, which is highly unusual for an organization of its size with growing revenue and assets. This suggests either a fully volunteer-led executive team or compensation structured in a way that is not reported as officer compensation on the 990, which warrants further inquiry for complete transparency.
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 Potters Wheel Inc's IRS 990 filings:
- Zero reported officer compensation across all filings, which is unusual for an organization of this size and could indicate compensation is reported in other categories or a fully volunteer executive team, warranting further investigation for full transparency.
Strengths
The following positive indicators were identified for Potters Wheel Inc:
- Consistent revenue growth over a decade, from $121,787 in 2014 to $313,887 in 2023.
- Strong asset growth, increasing from $64,811 in 2014 to $1,105,645 in 2023, indicating financial health.
- Expenses consistently lower than revenue, demonstrating good financial management.
- Zero reported officer compensation across all filings, suggesting a high dedication to mission or volunteer leadership.
- Healthy asset-to-liability ratio, indicating strong financial solvency.
Frequently Asked Questions about Potters Wheel Inc
Is Potters Wheel Inc a legitimate charity?
Potters Wheel Inc (EIN: 202270171) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $453K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Potters Wheel Inc spend its money?
Potters Wheel Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Potters Wheel Inc tax-deductible?
Potters Wheel Inc is registered as a tax-exempt nonprofit (EIN: 202270171). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Potters Wheel Inc's spending goes to programs?
Potters Wheel Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Potters Wheel Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Potters Wheel Inc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Potters Wheel Inc located?
Potters Wheel Inc is headquartered in Fisherville, Kentucky and files with the IRS under EIN 202270171. It is classified under NTEE code X20.
How many years of IRS 990 filings does Potters Wheel Inc have?
Potters Wheel Inc has 13 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 $453K in total revenue.
Is Potters Wheel Inc a good charity?
Based on the available IRS 990 data, Potters Wheel Inc appears to be a financially healthy organization with consistent growth and a strong commitment to its mission, evidenced by zero reported officer compensation. Their asset growth and revenue trends are positive indicators.
How has Potters Wheel Inc's revenue changed over time?
Potters Wheel Inc has shown significant revenue growth, increasing from $121,787 in 2014 to $313,887 in 2023, with the latest reported revenue at $453,455, indicating a strong upward trend.
What is the organization's financial stability?
The organization demonstrates good financial stability, with assets growing from $64,811 in 2014 to $1,105,645 in 2023, consistently exceeding liabilities. Their expenses are also consistently lower than revenue, allowing for asset accumulation.
Does Potters Wheel Inc pay its officers?
According to all available IRS 990 filings from 2014 to 2023, Potters Wheel Inc has reported 0% officer compensation, suggesting that executive leadership is either unpaid or compensated through non-officer categories.
Filing History
IRS 990 filing history for Potters Wheel Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Potters Wheel Inc's revenue has grown by 295.6%, moving from $79K to $314K. Total assets increased by 3377.6% over the same period, from $32K to $1.1M. Total functional expenses rose by 173.5%, from $79K to $217K. In its most recent filing year (2023), Potters Wheel Inc reported a surplus of $96K, with revenue exceeding expenses. The organization holds $399K in liabilities against $1.1M in assets (debt-to-asset ratio: 36.0%), resulting in net assets of $707K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $217K | $1.1M | $399K | — | — |
| 2022 | $274K | $226K | $843K | $232K | — | View 990 |
| 2021 | $236K | $192K | $824K | $262K | — | View 990 |
| 2020 | $254K | $189K | $847K | $329K | — | View 990 |
| 2019 | $203K | $151K | $814K | $361K | — | View 990 |
| 2018 | $279K | $192K | $746K | $345K | — | View 990 |
| 2017 | $210K | $159K | $685K | $371K | — | View 990 |
| 2016 | $188K | $110K | $650K | $387K | — | View 990 |
| 2015 | $204K | $85K | $184K | $0 | — | View 990 |
| 2014 | $122K | $91K | $65K | $0 | — | View 990 |
| 2013 | $94K | $90K | $34K | $0 | — | View 990 |
| 2012 | $102K | $104K | $30K | $0 | — | View 990 |
| 2011 | $79K | $79K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $217K, and assets of $1.1M (revenue +14.5% year-over-year).
- 2022: Revenue of $274K, expenses of $226K, and assets of $843K (revenue +16.3% year-over-year).
- 2021: Revenue of $236K, expenses of $192K, and assets of $824K (revenue -7.2% year-over-year).
- 2020: Revenue of $254K, expenses of $189K, and assets of $847K (revenue +24.9% year-over-year).
- 2019: Revenue of $203K, expenses of $151K, and assets of $814K (revenue -27.0% year-over-year).
- 2018: Revenue of $279K, expenses of $192K, and assets of $746K (revenue +33.0% year-over-year).
- 2017: Revenue of $210K, expenses of $159K, and assets of $685K (revenue +11.5% year-over-year).
- 2016: Revenue of $188K, expenses of $110K, and assets of $650K (revenue -8.0% year-over-year).
- 2015: Revenue of $204K, expenses of $85K, and assets of $184K (revenue +67.8% year-over-year).
- 2014: Revenue of $122K, expenses of $91K, and assets of $65K (revenue +29.9% year-over-year).
- 2013: Revenue of $94K, expenses of $90K, and assets of $34K (revenue -8.0% year-over-year).
- 2012: Revenue of $102K, expenses of $104K, and assets of $30K (revenue +28.5% year-over-year).
- 2011: Revenue of $79K, expenses of $79K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Potters Wheel Inc:
Data Sources and Methodology
This transparency report for Potters Wheel 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.