Human Services
(P20)
IRS Verified
DX Registered
990 on File
MAGGIES WIGS 4 KIDS OF MICHIGAN INC
Financial strength (30%)
73/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
50/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Wigs 4 Kids Wellness Center and Salon is dedicated to help build the self-esteem of young patients dealing with hair loss as a result from various illnesses such as cancer, alopecia, trichotillomania, as well as burn victims. We are committed to provide free hair replacement systems and support services for our clients (also referred to as Ambassadors) throughout Michigan.
Financial Overview — FY 2023
$890K
Total Revenue
$896K
Total Expenses
$1.8M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.7%
Fundraising Efficiency
48.4%
Operating Reserve
24.41x
Liability-to-Asset
0.8%
Revenue Diversification
86.3%
Executive Compensation
$82K
Compared with Peers
FY 2023
Compared with 20,874 similar organizations
(United States, Human Services, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.7% | 86.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.8% | 10.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.5% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
48.4% | 17.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
24.4 mo | 8.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.8% | 1.8% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
86.3% | 96.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
1.6% | 7.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.2% | 11.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.7% | 2.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $890K | $896K | $1.8M | 89.7% | 0 |
| 2022 | $876K | $828K | $1.6M | 90.4% | 8 |
| 2021 | $912K | $721K | N/A | — | 1 |
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