Meals on Wheels of Loveland and Berthoud Inc

Analysis

Meals on Wheels of Loveland and Berthoud Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in June 1970, 56 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, Meals on Wheels of Loveland and Berthoud Inc reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $765k to $1.3m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 97% 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 Loveland and Berthoud Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include New Beginnings Center for Children and Families Inc ($1.3m), Civil Eats ($1.3m) and Move Mountain View ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $96k (7.9% of expenses). Other salaries and wages came to $422k. At year end it held assets of $1.4m against liabilities of $68k, net assets of $1.4m. It reported 16 employees.