Cabarrus Meals on Wheels Inc

Analysis

Cabarrus Meals on Wheels Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in July 1977, 49 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 2024, Cabarrus Meals on Wheels Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.0m to $1.3m (-36%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 43%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cabarrus Meals on Wheels Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Robeson County Church and Community Center Inc ($1.3m), Crossword Cafe ($1.3m) and Wellbeing Initiative Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 20% of the total. Other salaries and wages came to $493k. At year end it held assets of $3.1m against liabilities of $824k, net assets of $2.3m. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.