Meals on Wheels of Mason City Inc

Analysis

Meals on Wheels of Mason City Inc is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in June 1970, 56 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 Mason City Inc reported income of $70k and spending of $59k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $70k (-3.3%), an average of -3.3% a year. Over the whole period it spent 74% 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 Mason City Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IA. Charities of a similar size with the same main cause include Bingham-Waggoner Historical Society ($70k), Cedar Lake Fellowship Inc ($70k) and United Fund of Iowa County Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.