Reach Out & Care Wheels Inc
Reach Out & Care Wheels Inc. reports recent operating losses but maintains zero officer compensation.
EIN: 200402658 · Bozeman, MT · NTEE: P582 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $175K |
| Total Expenses | $216K |
| Program Spending | 85% |
| Net Assets | $170K |
| Transparency Score | 75/100 |
Is Reach Out & Care Wheels Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reach Out & Care Wheels Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reach Out & Care Wheels Inc
Reach Out & Care Wheels Inc (EIN: 200402658) is a nonprofit organization based in Bozeman, MT, classified under NTEE code P582. The organization reported total revenue of $175K and total assets of $197K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reach Out & Care Wheels Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reach Out & Care Wheels Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $216K |
| Surplus / Deficit | $-25,400 |
| Total Assets | $171K |
| Total Liabilities | $911 |
| Net Assets | $170K |
| Operating Margin | -13.4% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 9.5 months |
Financial Health Grade: B
In 2023, Reach Out & Care Wheels Inc reported a deficit of $25K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Reach Out & Care Wheels Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.9% | -20.0% | -17.4% |
| 2022 | -50.0% | -22.0% | -32.5% |
| 2021 | +34.9% | +46.1% | -8.1% |
| 2020 | -3.1% | +7.2% | +10.4% |
| 2019 | +12.4% | -0.5% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Reach Out & Care Wheels Inc with a Mission Score of 75 out of 100 (Good). 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, Reach Out & Care Wheels 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 deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and operational history.
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 Reach Out & Care Wheels Inc's IRS 990 filings:
- Expenses exceeding revenue in recent periods (2022 and 2023), leading to net losses.
- Declining assets from a peak of $332,839 in 2020 to $170,643 in 2023.
Strengths
The following positive indicators were identified for Reach Out & Care Wheels Inc:
- Consistent 0% officer compensation across all reported years, indicating efficient use of funds.
- Long operational history with 14 IRS 990 filings, demonstrating stability and commitment.
- Consistent transparency through regular IRS 990 submissions.
Frequently Asked Questions about Reach Out & Care Wheels Inc
Is Reach Out & Care Wheels Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reach Out & Care Wheels Inc (EIN: 200402658) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Reach Out & Care Wheels Inc spend its money?
Reach Out & Care Wheels Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Reach Out & Care Wheels Inc tax-deductible?
Reach Out & Care Wheels Inc is registered as a tax-exempt nonprofit (EIN: 200402658). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Reach Out & Care Wheels Inc's spending goes to programs?
Reach Out & Care Wheels Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Reach Out & Care Wheels Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Reach Out & Care Wheels Inc is above average for NTEE category P582 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reach Out & Care Wheels Inc located?
Reach Out & Care Wheels Inc is headquartered in Bozeman, Montana and files with the IRS under EIN 200402658. It is classified under NTEE code P582.
How many years of IRS 990 filings does Reach Out & Care Wheels Inc have?
Reach Out & Care Wheels Inc has 14 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 $175K in total revenue.
Is Reach Out & Care Wheels Inc. a good charity?
Reach Out & Care Wheels Inc. demonstrates several positive attributes, including a long operational history, consistent IRS 990 filings, and zero officer compensation, suggesting a strong commitment to its mission. However, recent years have shown expenses exceeding revenue, which could be a concern for long-term financial stability.
What is the trend in the organization's financial health?
The organization has experienced fluctuating financial health. While it had positive net income in several years (e.g., $34,947 in 2019, $56,179 in 2017), the most recent two periods (2022 and 2023) show net losses of $102,487 and $25,400 respectively, indicating a recent downturn.
How does the organization manage its administrative costs?
Without a detailed breakdown of expenses, it's difficult to precisely assess administrative costs. However, the consistent 0% officer compensation suggests a lean approach to executive overhead, which is a positive indicator for managing administrative expenses.
Filing History
IRS 990 filing history for Reach Out & Care Wheels Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Reach Out & Care Wheels Inc's revenue has declined by 47.9%, moving from $365K to $190K. Total assets decreased by 54.7% over the same period, from $377K to $171K. Total functional expenses fell by 59.1%, from $527K to $216K. In its most recent filing year (2023), Reach Out & Care Wheels Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $911 in liabilities against $171K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $170K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $190K | $216K | $171K | $911 | — | View 990 |
| 2022 | $167K | $269K | $207K | $11K | — | View 990 |
| 2021 | $334K | $346K | $306K | $8K | — | View 990 |
| 2020 | $248K | $237K | $333K | $24K | — | View 990 |
| 2019 | $256K | $221K | $302K | $3K | — | View 990 |
| 2018 | $227K | $222K | $264K | $444 | — | View 990 |
| 2017 | $225K | $169K | $265K | $7K | — | View 990 |
| 2016 | $146K | $125K | $204K | $3K | — | View 990 |
| 2015 | $155K | $106K | $180K | $0 | — | View 990 |
| 2014 | $188K | $117K | $147K | $16K | — | View 990 |
| 2013 | $152K | $263K | $60K | $633 | — | View 990 |
| 2012 | $313K | $415K | $177K | $7K | — | View 990 |
| 2011 | $494K | $497K | $390K | $118K | — | View 990 |
| 2010 | $365K | $527K | $377K | $102K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $190K, expenses of $216K, and assets of $171K (revenue +13.9% year-over-year).
- 2022: Revenue of $167K, expenses of $269K, and assets of $207K (revenue -50.0% year-over-year).
- 2021: Revenue of $334K, expenses of $346K, and assets of $306K (revenue +34.9% year-over-year).
- 2020: Revenue of $248K, expenses of $237K, and assets of $333K (revenue -3.1% year-over-year).
- 2019: Revenue of $256K, expenses of $221K, and assets of $302K (revenue +12.4% year-over-year).
- 2018: Revenue of $227K, expenses of $222K, and assets of $264K (revenue +0.8% year-over-year).
- 2017: Revenue of $225K, expenses of $169K, and assets of $265K (revenue +54.3% year-over-year).
- 2016: Revenue of $146K, expenses of $125K, and assets of $204K (revenue -5.9% year-over-year).
- 2015: Revenue of $155K, expenses of $106K, and assets of $180K (revenue -17.5% year-over-year).
- 2014: Revenue of $188K, expenses of $117K, and assets of $147K (revenue +23.9% year-over-year).
- 2013: Revenue of $152K, expenses of $263K, and assets of $60K (revenue -51.4% year-over-year).
- 2012: Revenue of $313K, expenses of $415K, and assets of $177K (revenue -36.7% year-over-year).
- 2011: Revenue of $494K, expenses of $497K, and assets of $390K (revenue +35.5% year-over-year).
- 2010: Revenue of $365K, expenses of $527K, and assets of $377K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reach Out & Care Wheels Inc:
Data Sources and Methodology
This transparency report for Reach Out & Care Wheels 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.