Meals on Wheels of Wake County Inc

Analysis

Meals on Wheels of Wake County Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 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 June 2023, Meals on Wheels of Wake County Inc reported income of $5.1m and spending of $5.1m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.0m to $5.1m (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 81% 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 Wake County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Embrella Inc ($5.1m), Ims Foundation ($5.1m) and Gretna Economic Development Association Limited ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $5.3m against liabilities of $458k, net assets of $4.9m. It reported 59 employees.