Independence Meals on Wheels Inc

Analysis

Independence Meals on Wheels Inc is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in February 1977, 49 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, Independence Meals on Wheels Inc reported income of $349k and spending of $287k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $349k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 41%. 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, Independence Meals on Wheels Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MO. Charities of a similar size with the same main cause include Strom Center Inc ($349k), North Carolina State Elks Association ($349k) and Pioneers Museum Foundation of Colo Rado Springs ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 56% of the total. Other salaries and wages came to $27k. At year end it held assets of $303k against liabilities of $17k, net assets of $286k. It reported 2 employees.