Meals on Wheels of Palestine Inc

Analysis

Meals on Wheels of Palestine Inc is a registered charity in United States, based in Palestine, TX. It received its IRS tax-exemption ruling in December 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 Palestine Inc reported income of $952k and spending of $955k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $952k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 104% 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 Palestine Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include St Jude Housing Corporation ($952k), Palmyra Ambulance Association of Palmyra NJ ($952k) and Perry County Multi-Puropse Senior Citizens Center ($952k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $60k (6.3% of expenses). Other salaries and wages came to $297k. At year end it held assets of $1.4m against liabilities of $435k, net assets of $939k. It reported 38 employees.