Meals for the Elderly

Analysis

Meals for the Elderly is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in September 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, Meals for the Elderly reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meals for the Elderly 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 88th percentile within TX. Charities of a similar size with the same main cause include The Family Network Adoption Center ($1.6m), Parks System TR Fund ($1.6m) and Grassroot Institute of Hawaii Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $76k (5.2% of expenses). Other salaries and wages came to $500k. At year end it held assets of $3.5m against liabilities of $50k, net assets of $3.4m. It reported 23 employees.