Meals on Wheels of Sheboygan County Inc

Analysis

Meals on Wheels of Sheboygan County Inc is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in December 1976, 50 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, Meals on Wheels of Sheboygan County Inc reported income of $1.7m and spending of $1.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meals on Wheels of Sheboygan County Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Stepping Stones Inc ($1.7m), Neighborhood Centers of Corpus Christi Tex ($1.7m) and Circle of Brotherhood ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $105k (6.2% of expenses). Other salaries and wages came to $660k. At year end it held assets of $4.0m against liabilities of $76k, net assets of $3.9m. It reported 23 employees.