Meals on Wheels of Asheville and Buncombe County Inc

Analysis

Meals on Wheels of Asheville and Buncombe County Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in September 1976, 50 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, Meals on Wheels of Asheville and Buncombe County Inc reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $774k to $1.4m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 83% 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 Asheville and Buncombe County Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Circle Urban Ministries ($1.4m), Hope Homes Foundation Inc ($1.4m) and Fairfield County Hospice House Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $86k (7.2% of expenses). Other salaries and wages came to $328k. At year end it held assets of $2.2m against liabilities of $173k, net assets of $2.0m. It reported 20 employees.