Meals on Wheels of Sarasota Inc

Analysis

Meals on Wheels of Sarasota Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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 Sarasota Inc reported income of $2.1m and spending of $1.2m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $823k to $2.1m (+158%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 163%. Over the whole period it spent 83% 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 of Sarasota 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 88th percentile within FL. Charities of a similar size with the same main cause include S O S Inc ($2.1m), Hope House Corporation ($2.1m) and Falmouth Housing Trust Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $112k (9.6% of expenses). Other salaries and wages came to $234k. At year end it held assets of $3.6m against liabilities of $87k, net assets of $3.5m. It reported 8 employees.