Alamance County Meals on Wheels Inc

Analysis

Alamance County Meals on Wheels Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in December 1974, 52 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, Alamance County Meals on Wheels Inc reported income of $1.2m and spending of $857k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $650k to $1.2m (+77%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alamance County Meals on Wheels Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Neck of the Woods Inc ($1.2m), KC Wellness Nurse Registry Inc ($1.2m) and Indy Hunger Network ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $72k (8.4% of expenses). Other salaries and wages came to $142k. At year end it held assets of $2.4m against liabilities of $297k, net assets of $2.1m. It reported 8 employees.