Citymeals-On-Wheels

Analysis

Citymeals-On-Wheels is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1992, 34 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 June 2023, Citymeals-On-Wheels reported income of $31.5m and spending of $27.1m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.4m to $31.5m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2020, when income rose by 90%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Citymeals-On-Wheels sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Collington Episcopal Life Care Community Inc ($31.5m), Lakes Region Community Services Council ($31.6m) and Services for the Aged Inc ($31.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.7m (6.4% of expenses). Other salaries and wages came to $2.1m. It paid $159k in professional fundraising fees. At year end it held assets of $85.5m against liabilities of $8.8m, net assets of $76.7m. It reported 43 employees.