Bux-Mont Meals on Wheels Inc

Analysis

Bux-Mont Meals on Wheels Inc is a registered charity in United States, based in Hatboro, PA. It received its IRS tax-exemption ruling in February 1979, 47 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, Bux-Mont Meals on Wheels Inc reported income of $174k and spending of $104k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $174k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bux-Mont Meals on Wheels Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Latham Memorial Library Inc ($174k), Ron Brigmon Ministries Inc ($174k) and Continental Resources Community Foundation Inc ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $103k against liabilities of $6,433, net assets of $96k.