Meals on Wheels of the Monterey Peninsula Inc

Analysis

Meals on Wheels of the Monterey Peninsula Inc is a registered charity in United States, based in Pacific Grove, CA. It received its IRS tax-exemption ruling in April 1972, 54 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 Monterey Peninsula Inc reported income of $4.3m and spending of $4.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.3m (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 86%. Over the whole period it spent 68% 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 Monterey Peninsula Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Lost Angels Childrens Project Inc ($4.3m), Young Mens Christian Association ($4.3m) and East Cooper Community Outreach ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $299k (7.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $17.0m against liabilities of $452k, net assets of $16.6m. It reported 32 employees.