Meals on Wheels

Analysis

Meals on Wheels is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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 reported income of $1.7m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $1.7m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meals on Wheels sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Missouri Rural Crisis Center ($1.7m), Center for Leadership in School Reform Inc ($1.7m) and Lakota Sports Organization ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $97k (6.8% of expenses). Other salaries and wages came to $440k. At year end it held assets of $6.0m against liabilities of $96k, net assets of $5.9m. It reported 22 employees.