Vernon Meals on Wheels Inc

Analysis

Vernon Meals on Wheels Inc is a registered charity in United States, based in Vernon, TX. It received its IRS tax-exemption ruling in July 1979, 47 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, Vernon Meals on Wheels Inc reported income of $121k and spending of $155k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $121k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vernon Meals on Wheels Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include East Bay Community Bridge Center Inc ($121k), Crowned for Ashes Corp ($121k) and Meals on Wheels of New Castle ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. At year end it held assets of $133k against liabilities of $9,635, net assets of $123k.