Gaithersburg Meals-On-Wheels Inc

Analysis

Gaithersburg Meals-On-Wheels Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in April 1982, 44 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, Gaithersburg Meals-On-Wheels Inc reported income of $166k and spending of $143k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $166k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaithersburg Meals-On-Wheels Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Computing in Cardiology ($166k), Missionary Radio Evangelism ($166k) and Friends of the Jefferson Public Library ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. At year end it held assets of $164k against liabilities of $2,635, net assets of $162k.