Longmont Meals on Wheels Inc

Analysis

Longmont Meals on Wheels Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in March 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Longmont Meals on Wheels Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $836k to $1.2m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Longmont Meals on Wheels Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Faunalytics ($1.2m), Chalcedon Inc ($1.2m) and Brown Fox Point Early Childhood Education Center Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $117k (10% of expenses). Other salaries and wages came to $391k. At year end it held assets of $2.9m against liabilities of $8,353, net assets of $2.8m. It reported 14 employees.