Riverside Meals on Wheels Inc

Analysis

Riverside Meals on Wheels Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in September 1973, 53 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 May 2024, Riverside Meals on Wheels Inc reported income of $383k and spending of $394k, spending 103% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $312k to $383k (+23%), an average of +5.2% a year. The sharpest change came in the year to May 2023, when income rose by 87%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riverside Meals on Wheels Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Kids First Center ($382k), The Pinnacle Volunteer Fire and Rescue Department Inc ($383k) and Newport Health Property Management Inc ($382k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 40% and program service revenue 58% of the total. Other salaries and wages came to $96k. At year end it held assets of $315k against liabilities of $593, net assets of $314k. It reported 3 employees.