Meals on Wheels Waco

Analysis

Meals on Wheels Waco is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Meals on Wheels Waco reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $2.1m to $2.4m (+11%), an average of +3.4% a year. The sharpest change came in the year to September 2020, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels Waco sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Archer Consultation Services Inc ($2.4m), Martinez Early Childhood Center Inc ($2.4m) and Shoreline Soup Kitchens & Pantries ($2.4m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 98% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $86k (3.7% of expenses). Other salaries and wages came to $691k. At year end it held assets of $2.0m against liabilities of $217k, net assets of $1.8m. It reported 48 employees.