Meals on Wheels of Central Maryland Inc

Analysis

Meals on Wheels of Central Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1967, 59 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Meals on Wheels of Central Maryland Inc reported income of $19.7m and spending of $13.8m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.4m to $19.7m (+28%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels of Central Maryland Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Metamora Community Nursing Home ($19.7m), Gentlebrook Inc ($19.7m) and California-Nevada Methodist Homes I NC ($19.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $378k (2.7% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $33.0m against liabilities of $2.0m, net assets of $31.0m. It reported 178 employees.