Wheels & Keels Foundation Inc is a 501(c)(3) organization based in Vero Beach, Florida, registered in 2015, with $170,688 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$171K
▼ 0.1% vs prior year
Human Services median: $293K
Expenses (FY2023)
$210K
Net assets
$112K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Wheels & Keels Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Wheels & Keels Foundation Inc: 6 mo reserves · -23% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Wheels & Keels Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Wheels & Keels Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $45K (FY2019) to $171K (FY2023) across 5 reported years.
Financial snapshot
Operating margin
-23.2%
Spent more than it raised in the latest fiscal year.
Total assets
$115K
Total liabilities
$3,250
Net assets
$112K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $170,688▼0.1% | $210,266▲21.3% | $111,670▼26.2% | $114,920▼31.5% | 990 |
| 2022 | $170,816▼21.7% | $173,392▼12.2% | $151,248▼1.4% | $167,748▼23.7% | 990 |
| 2021 | $218,024▲15.1% | $197,586▲39.5% | $153,320▲15.4% | $219,800▲33.3% | 990 |
| 2020 | $189,490▲324% | $141,663▲174% | $132,882▲56.2% | $164,882▲20.3% | 990 |
| 2019 | $44,722 | $51,781 | $85,055 | $137,055 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
5 grants to Wheels & Keels Foundation Inc totaling $70K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $22,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,500 |
| Donor Advised Charitable Giving | Human services | 2023 | $5,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $18,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $18,500 |
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Data for Wheels & Keels Foundation Inc (EIN 47-4684048) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.