Meals on Wheels of Solano County

Analysis

Meals on Wheels of Solano County is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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 Solano County reported income of $3.5m and spending of $3.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.5m (+140%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meals on Wheels of Solano County sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Financial Education & Research Foundation Inc ($3.5m), Work to Ride Inc ($3.5m) and Make a Wish Foundation of Oklahoma Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $127k (3.8% of expenses). Other salaries and wages came to $776k. At year end it held assets of $1.7m against liabilities of $523k, net assets of $1.2m. It reported 30 employees.