Homebound Meals Inc

Analysis

Homebound Meals Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 1972, 54 years ago. 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 2024, Homebound Meals Inc reported income of $492k and spending of $498k, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $464k to $492k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to March 2023, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homebound Meals Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IN. Charities of a similar size with the same main cause include East Greenbush Fire Company Inc ($492k), Jonas Willis Parmenter Home Inc ($492k) and F a R M Cafe Inc ($492k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 41% and program service revenue 54% of the total. Other salaries and wages came to $102k. At year end it held assets of $778k against liabilities of $49k, net assets of $729k. It reported 6 employees.