Meals on Wheels Inc

Analysis

Meals on Wheels Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1971, 55 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 June 2023, Meals on Wheels Inc reported income of $2.8m and spending of $2.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.8m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2020, when income rose by 53%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Phyllis Wheatley Community Center Inc ($2.8m), Opendoors ($2.8m) and F I R S T ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $135k (4.7% of expenses). Other salaries and wages came to $897k. At year end it held assets of $1.8m against liabilities of $1.8m, net assets of -$12k. It reported 34 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.