Meals on Wheels Inc

Analysis

Meals on Wheels Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in October 1979, 47 years ago. 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, Meals on Wheels Inc reported income of $2.0m and spending of $1.8m, spending 89% of its income. Across the 6 years on record, from May 2020 to June 2024, income grew from $1.6m to $2.0m (+24%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 1268%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meals on Wheels Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include FC Alliance Soccer Club ($2.0m), Habitat for Humanity International Inc ($2.0m) and Arrow WV Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $87k (4.9% of expenses). Other salaries and wages came to $666k. At year end it held assets of $2.9m against liabilities of $11k, net assets of $2.9m. It reported 28 employees.