Meals on Wheels of Charlottesville- Albemarle

Analysis

Meals on Wheels of Charlottesville- Albemarle is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in August 1978, 48 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 on Wheels of Charlottesville- Albemarle reported income of $1.1m and spending of $550k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $1.1m (+143%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 88%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meals on Wheels of Charlottesville- Albemarle sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include New London Outing Club ($1.1m), ND Major Elks Project ($1.1m) and Loving Care Day Care Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $41k (7.4% of expenses). Other salaries and wages came to $119k. At year end it held assets of $2.3m against liabilities of $3,980, net assets of $2.3m. It reported 9 employees.