Meals on Wheels of Boulder Inc

Analysis

Meals on Wheels of Boulder Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in October 1969, 57 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 Boulder Inc reported income of $1.9m and spending of $2.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 88% 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 Boulder Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include What About Remembering Me Center Inc ($1.9m), Foundation of Hope Inc ($1.9m) and Rehaciendo Comunidades Con Esparanza Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $127k (6.2% of expenses). Other salaries and wages came to $738k. At year end it held assets of $7.1m against liabilities of $926k, net assets of $6.2m. It reported 29 employees.