Newton Meals-On-Wheels Inc

Analysis

Newton Meals-On-Wheels Inc is a registered charity in United States, based in Newton, KS. It received its IRS tax-exemption ruling in October 1988, 38 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 September 2023, Newton Meals-On-Wheels Inc reported income of $403k and spending of $244k, leaving 39% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $239k to $403k (+68%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 44%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton Meals-On-Wheels Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within KS. Charities of a similar size with the same main cause include Disability Empowher Network Inc ($403k), Scriba Volunteer Fire Corp ($403k) and Lake Wales Charter Schools Foundation Inc ($403k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $62k (26% of expenses). At year end it held assets of $540k against liabilities of $15k, net assets of $526k. It reported 2 employees.