Corning Meals CN Wheels Inc

Analysis

Corning Meals CN Wheels Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in August 1980, 46 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, Corning Meals CN Wheels Inc reported income of $575k and spending of $417k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $575k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corning Meals CN Wheels Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Aardvark Child Care and Learning Center Inc ($575k), Beth Oloth ($575k) and Meeting Waters YMCA ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 13% of the total. Other salaries and wages came to $205k. At year end it held assets of $1.9m against liabilities of $2,862, net assets of $1.9m. It reported 5 employees.