Meals on Wheels of Lexington Inc

Analysis

Meals on Wheels of Lexington Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in May 1975, 51 years ago. Its declared purposes cover human services, 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 December 2023, Meals on Wheels of Lexington Inc reported income of $93k and spending of $81k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $93k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 100% 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 Lexington Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Under His Wings ($93k), Volcani International Partnerships - US Inc ($93k) and Lichet ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.