Meals on Wheels of Rowan Inc

Analysis

Meals on Wheels of Rowan Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in December 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 December 2023, Meals on Wheels of Rowan Inc reported income of $2.3m and spending of $1.4m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $2.3m (+226%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 75% 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 Rowan Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Africa Harvest Biotech Foundation International Inc ($2.3m), Columbia-Willamette Clean Cities ($2.3m) and Catalyst Domestic Violence Services ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $137k (9.9% of expenses). Other salaries and wages came to $358k. At year end it held assets of $2.2m against liabilities of $97k, net assets of $2.1m. It reported 17 employees.