Meals on Wheels of Chesapeake Inc

Analysis

Meals on Wheels of Chesapeake Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in May 1984, 42 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 June 2024, Meals on Wheels of Chesapeake Inc reported income of $476k and spending of $402k, spending 85% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $205k to $476k (+132%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 89% 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 Chesapeake Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include B F Jones Memorial Library ($476k), National Giving Alliance ($476k) and South Central Kentucky Kids on the Block Inc ($476k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $97k (24% of expenses). At year end it held assets of $256k against liabilities of $49k, net assets of $208k. It reported 5 employees.