Meals on Wheels of Amarillo Texas Inc

Analysis

Meals on Wheels of Amarillo Texas Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Amarillo Texas Inc reported income of $789k and spending of $596k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $717k to $789k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels of Amarillo Texas Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include The Leadershop ($789k), Operation New Uniform Inc ($789k) and Andrew P Stewart Center Inc ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $93k (16% of expenses). Other salaries and wages came to $91k. At year end it held assets of $11.1m against liabilities of $19k, net assets of $11.1m. It reported 6 employees.