Meals on Wheels of Metro Tulsa Inc

Analysis

Meals on Wheels of Metro Tulsa Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in August 1981, 45 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 of Metro Tulsa Inc reported income of $5.9m and spending of $6.6m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $5.9m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 153%. Over the whole period it spent 70% 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 Metro Tulsa Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Palmer Home for Children ($5.9m), Midland County Council on Aging ($5.9m) and Jewish Family Services of St Louis ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $251k (3.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $16.0m against liabilities of $2.0m, net assets of $14.1m. It reported 103 employees.