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
Maggie's Wigs 4 Kids of Michigan is a local, grassroots 501©3 nonprofit organization that provides wigs and support services to children ages 3 to 18 at no charge throughout the state of Michigan. Maggie's Wigs 4 Kids Wellness Center & Salon helps the self-esteem of children as they journey through their health challenge empowering them to look and feel better. The program assists young people experiencing hair loss as a result of cancer treatment, alopecia, trichotillomania, burns and other disorders.
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
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| 200 children supported with custom-made wigs and support services | 200 | $1,200.00 | — | Per Year |
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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