Meals on Wheels Etc Inc

Analysis

Meals on Wheels Etc Inc is a registered charity in United States, based in Sanford, FL. It received its IRS tax-exemption ruling in August 1990, 36 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 Etc Inc reported income of $4.5m and spending of $4.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.5m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels Etc 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 Interfaith Assistance Ministry Inc ($4.5m), Francis E Parker Assisted Living Center Inc ($4.5m) and Share the Care Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $109k (2.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.5m against liabilities of $8.6m, net assets of $963k. It reported 58 employees.