Metro Meals on Wheels Inc

Analysis

Metro Meals on Wheels Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1997, 29 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 March 2023, Metro Meals on Wheels Inc reported income of $7.3m and spending of $6.2m, spending 85% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $3.9m to $7.3m (+85%), an average of +23% a year. The sharpest change came in the year to March 2021, when income rose by 178%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Metro Meals on Wheels Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include New Haven Ecology Project Inc ($7.2m), Action for Eastern Montana Inc ($7.3m) and United Retirement Center ($7.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $128k (2.1% of expenses). Other salaries and wages came to $780k. At year end it held assets of $4.0m against liabilities of $879k, net assets of $3.1m. It reported 19 employees.