Meals on Wheels New Mexico

Analysis

Meals on Wheels New Mexico is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meals on Wheels New Mexico reported income of $2.8m and spending of $3.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.8m (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meals on Wheels New Mexico sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NM. Charities of a similar size with the same main cause include Jewish Family Service of the Desert ($2.8m), Willamette Lutheran Homes Inc ($2.8m) and Circle of Life Hospice Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $143k (4.2% of expenses). Other salaries and wages came to $786k. It paid $73k in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $195k, net assets of $2.2m. It reported 33 employees.