Meals on Wheels of Lamoille County Inc

Analysis

Meals on Wheels of Lamoille County Inc is a registered charity in United States, based in Morrisville, VT. It received its IRS tax-exemption ruling in September 1993, 33 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 September 2023, Meals on Wheels of Lamoille County Inc reported income of $735k and spending of $583k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $460k to $735k (+60%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 45%. Over the whole period it spent 80% 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 Lamoille County Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within VT. Charities of a similar size with the same main cause include New Haven Development Center Inc ($735k), Appalachian Ohio Manufacturers Coalition ($736k) and Community Service Council of Northern Will County ($735k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 31% of the total. Other salaries and wages came to $258k. At year end it held assets of $1.4m against liabilities of $176k, net assets of $1.2m. It reported 12 employees.