Meals on Wheels of Salem County Inc

Analysis

Meals on Wheels of Salem County Inc is a registered charity in United States, based in Elmer, NJ. It received its IRS tax-exemption ruling in April 1979, 47 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 of Salem County Inc reported income of $507k and spending of $548k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $674k to $507k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 90% 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 Salem County Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Key Concepts Inc ($507k), Utah Association of Secondary School Principals ($507k) and Manufactoring Alliance Service Corporation Inc ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $72k (13% of expenses). Other salaries and wages came to $170k. At year end it held assets of $647k against liabilities of $78k, net assets of $569k. It reported 6 employees.