Meals on Wheels Plus of Manatee Inc

Analysis

Meals on Wheels Plus of Manatee Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in May 1979, 47 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 Plus of Manatee Inc reported income of $11.2m and spending of $12.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $11.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels Plus of Manatee Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Junta de Accion Puertorriquena Inc Puerto Rican Action Board Inc ($11.2m), Catholic Charities Inc ($11.2m) and Springfield Day Nursery Corporation ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $336k (2.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $12.3m against liabilities of $726k, net assets of $11.6m. It reported 82 employees.