Meals on Wheels of the Salinas Valley Inc

Analysis

Meals on Wheels of the Salinas Valley Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in October 1985, 41 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 June 2023, Meals on Wheels of the Salinas Valley Inc reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.6m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels of the Salinas Valley Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Community Options Inc ($1.6m), Miss Tinas Preschool Inc ($1.6m) and Project Bridges Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $123k (9.5% of expenses). Other salaries and wages came to $340k. At year end it held assets of $4.9m against liabilities of $378k, net assets of $4.5m. It reported 7 employees.