Meals on Wheels of Kingsport Incorporated

Analysis

Meals on Wheels of Kingsport Incorporated is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in November 1976, 50 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 Kingsport Incorporated reported income of $212k and spending of $209k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $265k to $212k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 84% 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 Kingsport Incorporated sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Salt River Intergroup Inc ($212k), Rotary Club of Pleasanton Foundation ($212k) and PTA South Carolina Congress ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $13k. At year end it held assets of $663k against liabilities of $0, net assets of $663k. It reported 1 employees.