Meals-On-Wheels of New Canaan Inc

Analysis

Meals-On-Wheels of New Canaan Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Meals-On-Wheels of New Canaan Inc reported income of $174k and spending of $145k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $138k to $174k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Meals-On-Wheels of New Canaan Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Chicago Hyde Park Village NFP ($174k), Envision Mineral Wells Foundation Inc ($174k) and Historic Downtown Millersburg Inc ($174k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 16% of the total. At year end it held assets of $649k against liabilities of $0, net assets of $649k.