Culver Palms Meals on Wheels

Analysis

Culver Palms Meals on Wheels is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in June 1975, 51 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Culver Palms Meals on Wheels reported income of $323k and spending of $331k, spending 103% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $112k to $323k (+188%), an average of +30% a year. The sharpest change came in the year to March 2020, when income rose by 124%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Culver Palms Meals on Wheels sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Literacy Volunteers of America Inc ($323k), Booth Manor Inc ($323k) and Good Knights Inc ($323k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $69k (21% of expenses). Other salaries and wages came to $52k. At year end it held assets of $352k against liabilities of $1,569, net assets of $350k. It reported 3 employees.