Mobile Meals of Toledo Inc

Analysis

Mobile Meals of Toledo Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 1968, 58 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, Mobile Meals of Toledo Inc reported income of $2.2m and spending of $2.5m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.2m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mobile Meals of Toledo 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 87th percentile within OH. Charities of a similar size with the same main cause include Monadnock Worksource Inc ($2.2m), Gateway to Learning ($2.2m) and Phoenixville Area Childrens Learning Center Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $149k (6.0% of expenses). Other salaries and wages came to $890k. At year end it held assets of $850k against liabilities of $167k, net assets of $683k. It reported 40 employees.