WIGGED OUT INC
Mission Statement
At Wigged Out we know how emotionally, physically, and financially difficult it is to lose your hair. We’re here to help. Wigged Out provides financial assistance to people in Arizona who are in need of wigs and head coverings due to hair loss caused by a diagnosed medical condition, such as cancer, alopecia, blood and genetic disorders, anxiety, or complications from surgery or medications. Partnering with reputable wig boutiques across the greater Phoenix area, Wigged Out is able to ensure the people we help are able to receive new, high quality and well fitting wigs, that they are able to select, empowering them to feel more like themselves.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.5% | 83.1% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.5% | 10.9% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.3% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
12.9 mo | 12.0 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.7% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 93.9% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
7.3% | 7.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
46.5% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-6.7% | 1.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $288K | $307K | $331K | 94.5% | 0 |
| 2023 | $268K | $210K | $351K | 93.1% | 0 |
| 2022 | $346K | $203K | $286K | 96.7% | 0 |
| 2021 | $147K | $131K | N/A | — | 1 |
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