Meals on Wheels of Polk County Inc

Analysis

Meals on Wheels of Polk County Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in June 1974, 52 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Meals on Wheels of Polk County Inc reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $849k to $1.3m (+51%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 98% 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 Polk County 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 84th percentile within FL. Charities of a similar size with the same main cause include Empowering Kids Perham ($1.3m), University Community Childcare Inc ($1.3m) and Hollys House Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $111k (9.8% of expenses). At year end it held assets of $1.4m against liabilities of $20k, net assets of $1.3m.