North Area Meals on Wheels Inc

Analysis

North Area Meals on Wheels Inc is a registered charity in United States, based in N Syracuse, NY. It received its IRS tax-exemption ruling in March 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Area Meals on Wheels Inc reported income of $1.2m and spending of $894k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $648k to $1.2m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Area Meals on Wheels Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Hspva Friends ($1.2m), Holy Family Plaza Inc ($1.2m) and Our House Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $50k (5.6% of expenses). Other salaries and wages came to $242k. At year end it held assets of $1.5m against liabilities of $66k, net assets of $1.4m. It reported 20 employees.