Meals From the Heart

Analysis

Meals From the Heart is a registered charity in United States, based in Oak Park HTS, MN. It received its IRS tax-exemption ruling in July 1993, 33 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 From the Heart reported income of $654k and spending of $591k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $540k to $654k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meals From the Heart sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Connectikids Inc ($654k), Jesus Focus Ministry Inc ($654k) and Cor Jesu Foundation Inc ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $152k (26% of expenses). Other salaries and wages came to $22k. At year end it held assets of $536k against liabilities of $194k, net assets of $341k. It reported 2 employees.