Meals on Wheels of Tampa Inc

Analysis

Meals on Wheels of Tampa Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 1978, 48 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 June 2023, Meals on Wheels of Tampa Inc reported income of $4.8m and spending of $5.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $4.8m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 85% 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 Tampa Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Family Resource Center Inc ($4.8m), Family Day Care Program Inc ($4.8m) and Sheriffs Ranches Enterprises Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $388k (7.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $11.0m against liabilities of $406k, net assets of $10.6m. It reported 61 employees.