Bloomington Meals on Wheels Inc

Analysis

Bloomington Meals on Wheels Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in November 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bloomington Meals on Wheels Inc reported income of $315k and spending of $249k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $290k to $315k (+8.5%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bloomington Meals on Wheels Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Harvest Food Pantry Inc ($315k), Marys Home Maryland Inc ($315k) and Rideability Therapeutic Riding Center Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $43k (17% of expenses). At year end it held assets of $764k against liabilities of $0, net assets of $764k. It reported 2 employees.