Meals on Wheels of Ri Inc

Analysis

Meals on Wheels of Ri Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 1971, 55 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 December 2023, Meals on Wheels of Ri Inc reported income of $5.8m and spending of $4.2m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $5.8m (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels of Ri Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Young Mens Christian Association-Moultrie YMCA ($5.8m), Northstar Learning Centers Inc ($5.8m) and Jewish Family Services of Delaware Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $205k (4.9% of expenses). Other salaries and wages came to $796k. At year end it held assets of $10.0m against liabilities of $257k, net assets of $9.7m. It reported 30 employees.