Meals on Wheels of Charlotte County Inc

Analysis

Meals on Wheels of Charlotte County Inc is a registered charity in United States, based in Pt Charlotte, FL. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 Charlotte County Inc reported income of $380k and spending of $548k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $630k to $380k (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 80% 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 Charlotte County Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Inn Ministries Inc ($380k), Physicians Home ($380k) and Warm Blessings Inc ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 49% of the total. Other salaries and wages came to $140k. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.