Galveston Island Meals on Wheels Inc

Analysis

Galveston Island Meals on Wheels Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in May 2010, 16 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, Galveston Island Meals on Wheels Inc reported income of $528k and spending of $434k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $528k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Galveston Island Meals on Wheels Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Family Service of High Point Foundation Inc ($528k), Safe Center Inc ($528k) and One Heart Warriors ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $69k (16% of expenses). Other salaries and wages came to $45k. At year end it held assets of $1.2m against liabilities of $911, net assets of $1.2m. It reported 5 employees.