Ypsilanti Meals on Wheels

Analysis

Ypsilanti Meals on Wheels is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in June 1975, 51 years ago. 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, Ypsilanti Meals on Wheels reported income of $1.9m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+13%), an average of +3.0% a year. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ypsilanti Meals on Wheels sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Hebrew Kindergarten and Infants Home Inc ($1.9m), Boys & Girls Club of Bloomington- Normal ($1.9m) and Inyo Mono Association for the Handicapped Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $101k (5.6% of expenses). Other salaries and wages came to $576k. It paid $65k in professional fundraising fees. At year end it held assets of $3.4m against liabilities of $556k, net assets of $2.8m. It reported 25 employees.