Meals on Wheels of the Palm Beaches Inc

Analysis

Meals on Wheels of the Palm Beaches Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in September 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 June 2023, Meals on Wheels of the Palm Beaches Inc reported income of $2.2m and spending of $1.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $2.2m (-8.3%), an average of -2.1% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 74% 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 the Palm Beaches Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Local Area 1 Workforce Investment Board Inc ($2.2m), Southern Rural Black Women Initiative for Social Economic Jus ($2.2m) and St Vincent de Paul Housing Facilities Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $115k (6.3% of expenses). Other salaries and wages came to $396k. At year end it held assets of $2.8m against liabilities of $151k, net assets of $2.7m. It reported 20 employees.