Meals on Wheels Inc

Analysis

Meals on Wheels Inc is a registered charity in United States, based in Union, NJ. It received its IRS tax-exemption ruling in May 1973, 53 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 2023, Meals on Wheels Inc reported income of $2.8m and spending of $3.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $2.8m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 98% 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 Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Kamileons Kloset Professional Development Inc ($2.8m), National Senior Games Association Inc ($2.8m) and Georgia Sheriffs Association ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.3m against liabilities of $152k, net assets of $2.1m. It reported 46 employees.