Lubbock Meals on Wheels Inc

Analysis

Lubbock Meals on Wheels Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in July 1971, 55 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, Lubbock Meals on Wheels Inc reported income of $2.9m and spending of $2.2m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.9m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lubbock Meals on Wheels Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Open Sesame Child Care Center Inc ($2.9m), Society of St Vincent de Paul Particular Council of San Mateo ($2.9m) and Community Impact Program Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $114k (5.1% of expenses). Other salaries and wages came to $493k. It paid $58k in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $81k, net assets of $4.5m. It reported 23 employees.