Meals on Wheels of Odessa Incorporated

Analysis

Meals on Wheels of Odessa Incorporated is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in June 1978, 48 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 August 2023, Meals on Wheels of Odessa Incorporated reported income of $945k and spending of $1.6m, spending 170% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $860k to $945k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to August 2021, when income rose by 24%. 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 Odessa Incorporated 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 Big Brothers Big Sisters of Northwestern Michigan ($944k), Catholic Family Service ($945k) and Johnson County Christmas Bureau Association ($944k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $100k (6.2% of expenses). Other salaries and wages came to $558k. At year end it held assets of $3.0m against liabilities of $9,990, net assets of $3.0m. It reported 20 employees.