Hot Meals on Wheels Inc

Analysis

Hot Meals on Wheels Inc is a registered charity in United States, based in Austin, MN. It received its IRS tax-exemption ruling in October 1975, 51 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 December 2023, Hot Meals on Wheels Inc reported income of $75k and spending of $74k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $75k (-11%), an average of -11% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hot Meals on Wheels Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Social Register Foundation ($75k), Parent Booster USA Inc ($75k) and Little League Baseball Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.