Wolfeboro Area Meals on Wheels Inc

Analysis

Wolfeboro Area Meals on Wheels Inc is a registered charity in United States, based in Wolfeboro, NH. It received its IRS tax-exemption ruling in November 1974, 52 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Wolfeboro Area Meals on Wheels Inc reported income of $173k and spending of $114k, leaving 34% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $302k to $173k (-43%), an average of -24% a year. The sharpest change came in the year to September 2022, when income dropped by 46%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wolfeboro Area Meals on Wheels Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within NH. Charities of a similar size with the same main cause include Global Impact Solutions Inc ($173k), Ide Center Apartments II Inc ($173k) and Cocotree Kids Inc ($172k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 16% of the total. Other salaries and wages came to $45k. At year end it held assets of $426k against liabilities of $1,827, net assets of $425k. It reported 2 employees.