Meals on Wheels of Plant City Inc

Analysis

Meals on Wheels of Plant City Inc is a registered charity in United States, based in Plant City, FL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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 of Plant City Inc reported income of $112k and spending of $52k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $112k (+122%), an average of +122% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 67% 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 Plant City Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 44th percentile within FL. Charities of a similar size with the same main cause include Museum of North Carolina Handicrafts Incorporated ($112k), Covenant Christian School Inc ($112k) and New Millenium Community Development Corporation ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. At year end it held assets of $280k against liabilities of $0, net assets of $280k.