Meals On Wheels Of New Canaan Inc
Meals On Wheels Of New Canaan Inc: Consistent Service, Stable Finances
EIN: 223070686 · New Canaan, CT · NTEE: S41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $167K |
| Total Expenses | $145K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $649K |
| Transparency Score | 85/100 |
Is Meals On Wheels Of New Canaan Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meals On Wheels Of New Canaan Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meals On Wheels Of New Canaan Inc
Meals On Wheels Of New Canaan Inc (EIN: 223070686) is a nonprofit organization based in New Canaan, CT, classified under NTEE code S41Z. The organization reported total revenue of $167K and total assets of $696K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meals On Wheels Of New Canaan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meals On Wheels Of New Canaan Inc is a small nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $174K |
| Total Expenses | $145K |
| Surplus / Deficit | +$29K |
| Total Assets | $649K |
| Net Assets | $649K |
| Operating Margin | 16.5% |
| Months of Reserves | 53.6 months |
Financial Health Grade: A
In 2024, Meals On Wheels Of New Canaan Inc reported a surplus of $29K with revenue exceeding expenses, holds 53.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Meals On Wheels Of New Canaan Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.9% | -2.7% | +7.4% |
| 2023 | -1.1% | +2.2% | +5.3% |
| 2022 | +27.3% | +18.4% | +2.1% |
| 2021 | -2.9% | -7.6% | +6.0% |
| 2020 | -5.7% | +11.6% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Meals On Wheels Of New Canaan Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Meals On Wheels Of New Canaan Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, suggesting it is below the $150,000 threshold for disclosure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Meals On Wheels Of New Canaan Inc:
- Consistent revenue generation, with annual revenues around $134,262 - $173,939 over the last seven years.
- Healthy asset growth, increasing from $485,839 in 2017 to $648,555 in 2024, indicating strong financial management.
- Low overhead, with expenses consistently below revenue, allowing for asset accumulation.
Frequently Asked Questions about Meals On Wheels Of New Canaan Inc
Is Meals On Wheels Of New Canaan Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Meals On Wheels Of New Canaan Inc (EIN: 223070686) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Meals On Wheels Of New Canaan Inc spend its money?
Meals On Wheels Of New Canaan Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Meals On Wheels Of New Canaan Inc tax-deductible?
Meals On Wheels Of New Canaan Inc is registered as a tax-exempt nonprofit (EIN: 223070686). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Meals On Wheels Of New Canaan Inc CEO make?
Meals On Wheels Of New Canaan Inc's highest-compensated officer earns $150,000 annually. The organization reported $167K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Meals On Wheels Of New Canaan Inc's spending goes to programs?
Meals On Wheels Of New Canaan Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Meals On Wheels Of New Canaan Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Meals On Wheels Of New Canaan Inc is above average for NTEE category S41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meals On Wheels Of New Canaan Inc located?
Meals On Wheels Of New Canaan Inc is headquartered in New Canaan, Connecticut and files with the IRS under EIN 223070686. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does Meals On Wheels Of New Canaan Inc have?
Meals On Wheels Of New Canaan Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $167K in total revenue.
What does Meals On Wheels Of New Canaan Inc do?
Meals On Wheels Of New Canaan Inc is a nonprofit organization in the Community Improvement sector, located in New Canaan, Connecticut. It is classified under NTEE code S41Z.
How much revenue does Meals On Wheels Of New Canaan Inc have?
Meals On Wheels Of New Canaan Inc reported total revenue of $167,131. Based on 14 IRS 990 filings on record.
What are Meals On Wheels Of New Canaan Inc's total assets?
Meals On Wheels Of New Canaan Inc holds total assets of $695,930 as reported in IRS 990 filings.
Where is Meals On Wheels Of New Canaan Inc located?
Meals On Wheels Of New Canaan Inc is based in New Canaan, Connecticut.
What is Meals On Wheels Of New Canaan Inc's EIN?
Meals On Wheels Of New Canaan Inc's Employer Identification Number (EIN) is 223070686. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Meals On Wheels Of New Canaan Inc?
Meals On Wheels Of New Canaan Inc is classified under NTEE code S41Z (Community Improvement).
Is Meals On Wheels Of New Canaan Inc a registered 501(c)(3)?
Yes, Meals On Wheels Of New Canaan Inc is recognized as a tax-exempt organization by the IRS. EIN: 223070686.
Does Meals On Wheels Of New Canaan Inc file IRS Form 990?
Yes, Meals On Wheels Of New Canaan Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Meals On Wheels Of New Canaan Inc's revenue in 2024?
In the 202406 filing period, Meals On Wheels Of New Canaan Inc reported total revenue of $173,939, total expenses of $145,300, and net assets of $648,555.
Is Meals On Wheels Of New Canaan Inc's revenue growing or declining?
Meals On Wheels Of New Canaan Inc's revenue is relatively stable. Revenue went from $168,999 (202306) to $173,939 (202406), a +2.9% change. Based on 14 filings on record.
What is Meals On Wheels Of New Canaan Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Meals On Wheels Of New Canaan Inc covers tax period 202406. It shows revenue of $173,939, expenses of $145,300, total assets of $648,555, and liabilities of N/A.
How much does Meals On Wheels Of New Canaan Inc spend on programs vs administration?
Based on IRS 990 analysis, Meals On Wheels Of New Canaan Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Meals On Wheels Of New Canaan Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Meals On Wheels Of New Canaan Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Meals On Wheels Of New Canaan Inc's strengths?
Positive indicators for Meals On Wheels Of New Canaan Inc include: Consistent revenue generation, with annual revenues around $134,262 - $173,939 over the last seven years.. Healthy asset growth, increasing from $485,839 in 2017 to $648,555 in 2024, indicating strong financial management.. Low overhead, with expenses consistently below revenue, allowing for asset accumulation.. These findings are derived from AI analysis of the organization's financial filings.
How does Meals On Wheels Of New Canaan Inc compensate executives?
Executive compensation is not reported in the available filings, suggesting it is below the $150,000 threshold for disclosure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain such a stable revenue stream despite potential fluctuations in donations?
The consistent revenue figures suggest a strong base of recurring donors or a well-established funding model that is less susceptible to annual volatility, possibly through local community support or small grants.
Given the consistent asset growth, what is the organization's strategy for utilizing these accumulated assets?
The steady increase in assets, reaching $648,555 in 2024, indicates a conservative financial approach, likely building reserves for long-term sustainability, potential future program expansion, or to weather economic downturns.
Filing History
IRS 990 filing history for Meals On Wheels Of New Canaan Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Meals On Wheels Of New Canaan Inc's revenue has grown by 47.8%, moving from $118K to $174K. Total assets increased by 117.3% over the same period, from $298K to $649K. Total functional expenses rose by 16.8%, from $124K to $145K. In its most recent filing year (2024), Meals On Wheels Of New Canaan Inc reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $174K | $145K | $649K | $0 | — | — |
| 2023 | $169K | $149K | $604K | $0 | — | View 990 |
| 2022 | $171K | $146K | $574K | $0 | — | View 990 |
| 2021 | $134K | $123K | $562K | $0 | — | — |
| 2020 | $138K | $134K | $530K | $0 | — | View 990 |
| 2019 | $147K | $120K | $522K | $0 | — | View 990 |
| 2018 | $109K | $115K | $489K | $0 | — | View 990 |
| 2017 | $107K | $124K | $486K | $0 | — | View 990 |
| 2016 | $125K | $124K | $490K | $0 | — | View 990 |
| 2015 | $202K | $104K | $485K | $0 | — | — |
| 2014 | $124K | $86K | $387K | $0 | — | View 990 |
| 2013 | $123K | $98K | $349K | $0 | — | View 990 |
| 2012 | $138K | $113K | $324K | $0 | — | View 990 |
| 2011 | $118K | $124K | $298K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $174K, expenses of $145K, and assets of $649K (revenue +2.9% year-over-year).
- 2023: Revenue of $169K, expenses of $149K, and assets of $604K (revenue -1.1% year-over-year).
- 2022: Revenue of $171K, expenses of $146K, and assets of $574K (revenue +27.3% year-over-year).
- 2021: Revenue of $134K, expenses of $123K, and assets of $562K (revenue -2.9% year-over-year).
- 2020: Revenue of $138K, expenses of $134K, and assets of $530K (revenue -5.7% year-over-year).
- 2019: Revenue of $147K, expenses of $120K, and assets of $522K (revenue +34.6% year-over-year).
- 2018: Revenue of $109K, expenses of $115K, and assets of $489K (revenue +1.7% year-over-year).
- 2017: Revenue of $107K, expenses of $124K, and assets of $486K (revenue -14.4% year-over-year).
- 2016: Revenue of $125K, expenses of $124K, and assets of $490K (revenue -37.9% year-over-year).
- 2015: Revenue of $202K, expenses of $104K, and assets of $485K (revenue +62.1% year-over-year).
- 2014: Revenue of $124K, expenses of $86K, and assets of $387K (revenue +1.4% year-over-year).
- 2013: Revenue of $123K, expenses of $98K, and assets of $349K (revenue -11.0% year-over-year).
- 2012: Revenue of $138K, expenses of $113K, and assets of $324K (revenue +17.1% year-over-year).
- 2011: Revenue of $118K, expenses of $124K, and assets of $298K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meals On Wheels Of New Canaan Inc:
Data Sources and Methodology
This transparency report for Meals On Wheels Of New Canaan Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.