Wigs For Kids Inc
EIN: 341749587 · Westlake, OH · NTEE: E70Z
About Wigs For Kids Inc
Wigs For Kids Inc (EIN: 341749587) is a nonprofit organization based in Westlake, OH, classified under NTEE code E70Z. The organization reported total revenue of $1.6M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wigs For Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Wigs 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 Wigs 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.
Filing History
IRS 990 filing history for Wigs For Kids Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wigs For Kids Inc's revenue has grown by 518.1%, moving from $250K to $1.5M. Total assets increased by 1599.7% over the same period, from $87K to $1.5M. Total functional expenses rose by 333.1%, from $328K to $1.4M. In its most recent filing year (2023), Wigs For Kids Inc reported a surplus of $120K, with revenue exceeding expenses. The organization holds $45K in liabilities against $1.5M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $1.5M | $45K | — | — |
| 2022 | $1.4M | $1.3M | $1.4M | $4K | — | — |
| 2021 | $1.3M | $1.0M | $1.3M | $82K | — | View 990 |
| 2020 | $980K | $888K | $990K | $118K | — | View 990 |
| 2019 | $990K | $994K | $1.2M | $63K | — | View 990 |
| 2018 | $1.4M | $955K | $1.2M | $54K | — | View 990 |
| 2017 | $876K | $831K | $785K | $102K | — | View 990 |
| 2016 | $826K | $631K | $664K | $26K | — | View 990 |
| 2015 | $734K | $534K | $461K | $17K | — | View 990 |
| 2014 | $500K | $457K | $269K | $25K | — | View 990 |
| 2013 | $453K | $362K | $219K | $18K | — | View 990 |
| 2012 | $389K | $355K | $130K | $21K | — | View 990 |
| 2011 | $250K | $328K | $87K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $1.5M (revenue +8.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.4M (revenue +9.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.0M, and assets of $1.3M (revenue +33.0% year-over-year).
- 2020: Revenue of $980K, expenses of $888K, and assets of $990K (revenue -1.1% year-over-year).
- 2019: Revenue of $990K, expenses of $994K, and assets of $1.2M (revenue -27.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $955K, and assets of $1.2M (revenue +56.5% year-over-year).
- 2017: Revenue of $876K, expenses of $831K, and assets of $785K (revenue +5.9% year-over-year).
- 2016: Revenue of $826K, expenses of $631K, and assets of $664K (revenue +12.6% year-over-year).
- 2015: Revenue of $734K, expenses of $534K, and assets of $461K (revenue +46.7% year-over-year).
- 2014: Revenue of $500K, expenses of $457K, and assets of $269K (revenue +10.4% year-over-year).
- 2013: Revenue of $453K, expenses of $362K, and assets of $219K (revenue +16.6% year-over-year).
- 2012: Revenue of $389K, expenses of $355K, and assets of $130K (revenue +55.9% year-over-year).
- 2011: Revenue of $250K, expenses of $328K, and assets of $87K.
Data Sources and Methodology
This transparency report for Wigs 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.