Meals on Wheels of Syracuse New York Inc

Analysis

Meals on Wheels of Syracuse New York Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 1970, 56 years ago. 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 2022, Meals on Wheels of Syracuse New York Inc reported income of $1.6m and spending of $1.5m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.3m to $1.6m (+18%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meals on Wheels of Syracuse New York Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Southwest Christian Academy Inc ($1.6m), Friends of Citrus and the Nature Coast Inc ($1.6m) and Davidson Medical Ministries Clinic Inc ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $73k (5.0% of expenses). Other salaries and wages came to $562k. At year end it held assets of $3.1m against liabilities of $68k, net assets of $3.0m. It reported 20 employees.