Meals on Wheels Collin County

Analysis

Meals on Wheels Collin County is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover human services, 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 September 2023, Meals on Wheels Collin County reported income of $5.2m and spending of $4.1m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $5.2m (+82%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 28%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels Collin County sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Senior Citizens Inc ($5.2m), Westmoreland County Blind Association ($5.2m) and Latchkey Child Services Inc ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 0.1% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $8.1m against liabilities of $243k, net assets of $7.9m. It reported 67 employees.