Meals-On-Wheels Inc of Tarrant

Analysis

Meals-On-Wheels Inc of Tarrant is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in October 1978, 48 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 September 2023, Meals-On-Wheels Inc of Tarrant reported income of $14.3m and spending of $13.3m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.8m to $14.3m (+110%), an average of +20% a year. The sharpest change came in the year to September 2020, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals-On-Wheels Inc of Tarrant sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Downeast Community Partners Inc ($14.3m), Greater Boston Chinese Golden Age Center Inc ($14.3m) and Community Services Inc ($14.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $462k (3.5% of expenses). Other salaries and wages came to $3.6m. It paid $50k in professional fundraising fees. At year end it held assets of $18.9m against liabilities of $1.8m, net assets of $17.2m. It reported 104 employees.