Meal on Wheels Industry Inc

Analysis

Meal on Wheels Industry Inc is a registered charity in United States, based in City Industry, CA. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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, Meal on Wheels Industry Inc reported income of $215k and spending of $167k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $340k to $215k (-37%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meal on Wheels Industry Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Watauga County Arts Council Inc ($215k), Tulsa Vo-Tech Education Foundation Inc ($215k) and Neighbors Network ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $71k. At year end it held assets of $513k against liabilities of $804, net assets of $512k. It reported 2 employees.