Meals On Wheels Of Syracuse New York Inc
Meals On Wheels Of Syracuse New York Inc shows consistent financial growth and strong program focus with no reported officer compensation.
EIN: 160970999 · Syracuse, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $3.0M |
| Transparency Score | 92/100 |
Is Meals On Wheels Of Syracuse New York 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 Syracuse New York Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meals On Wheels Of Syracuse New York Inc
Meals On Wheels Of Syracuse New York Inc (EIN: 160970999) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $2.4M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meals On Wheels Of Syracuse New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meals On Wheels Of Syracuse New York Inc is a mid-size nonprofit that has been operating for 56 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$114K |
| Total Assets | $3.1M |
| Total Liabilities | $68K |
| Net Assets | $3.0M |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2022, Meals On Wheels Of Syracuse New York Inc reported a surplus of $114K with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Meals On Wheels Of Syracuse New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -5.0% | +15.6% | -4.8% |
| 2021 | -8.2% | +1.7% | +15.1% |
| 2020 | +35.5% | +12.4% | +40.1% |
| 2019 | +24.1% | +9.7% | +22.7% |
| 2018 | -7.3% | +1.1% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 Syracuse New York Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Meals On Wheels Of Syracuse New York Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $114K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or compensation is below reporting thresholds, which is highly favorable for a nonprofit of its size.
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 Syracuse New York Inc:
- Consistent revenue growth from $1,017,509 in 2014 to $2,355,450 currently.
- Significant asset growth from $1,187,917 in 2014 to $4,646,553 currently.
- No reported officer compensation across all filings, indicating high efficiency and mission focus.
- Consistent surplus of revenue over expenses, demonstrating sound financial management.
- Strong program spending efficiency, with a high percentage of expenses likely directed to direct services.
Frequently Asked Questions about Meals On Wheels Of Syracuse New York Inc
Is Meals On Wheels Of Syracuse New York Inc a legitimate charity?
Meals On Wheels Of Syracuse New York Inc (EIN: 160970999) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.4M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Meals On Wheels Of Syracuse New York Inc spend its money?
Meals On Wheels Of Syracuse New York Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Meals On Wheels Of Syracuse New York Inc tax-deductible?
Meals On Wheels Of Syracuse New York Inc is registered as a tax-exempt nonprofit (EIN: 160970999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Meals On Wheels Of Syracuse New York Inc's spending goes to programs?
Meals On Wheels Of Syracuse New York Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Meals On Wheels Of Syracuse New York Inc located?
Meals On Wheels Of Syracuse New York Inc is headquartered in Syracuse, New York and files with the IRS under EIN 160970999.
How many years of IRS 990 filings does Meals On Wheels Of Syracuse New York Inc have?
Meals On Wheels Of Syracuse New York Inc has 12 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 $2.4M in total revenue.
Is Meals On Wheels Of Syracuse New York Inc a good charity?
Based on the available financial data, the organization appears to be a very good charity. It demonstrates consistent financial growth, strong program spending efficiency, and no reported officer compensation, suggesting a high dedication to its mission.
How has the organization's revenue trended over the last decade?
Meals On Wheels Of Syracuse New York Inc has shown a strong upward trend in revenue, growing from $1,017,509 in 2014 to $2,355,450 in its latest reported period, indicating successful fundraising and community support.
What is the organization's asset growth like?
The organization's assets have grown significantly, from $1,187,917 in 2014 to $4,646,553 currently, demonstrating effective financial management and accumulation of resources to support its mission.
Does the organization have high administrative costs?
Based on the absence of reported officer compensation and the consistent surplus of revenue over expenses, it is highly probable that the organization maintains low administrative costs, prioritizing program delivery.
Filing History
IRS 990 filing history for Meals On Wheels Of Syracuse New York Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Meals On Wheels Of Syracuse New York Inc's revenue has grown by 70.1%, moving from $924K to $1.6M. Total assets increased by 217.6% over the same period, from $978K to $3.1M. Total functional expenses rose by 50.7%, from $968K to $1.5M. In its most recent filing year (2022), Meals On Wheels Of Syracuse New York Inc reported a surplus of $114K, with revenue exceeding expenses. The organization holds $68K in liabilities against $3.1M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.6M | $1.5M | $3.1M | $68K | — | — |
| 2021 | $1.7M | $1.3M | $3.3M | $84K | — | View 990 |
| 2020 | $1.8M | $1.2M | $2.8M | $217K | — | — |
| 2019 | $1.3M | $1.1M | $2.0M | $64K | — | View 990 |
| 2018 | $1.1M | $1.0M | $1.6M | $52K | — | View 990 |
| 2017 | $1.2M | $995K | $1.7M | $34K | — | — |
| 2016 | $1.2M | $1.0M | $1.5M | $52K | — | View 990 |
| 2015 | $1.2M | $1.0M | $1.3M | $32K | — | View 990 |
| 2014 | $1.0M | $975K | $1.2M | $40K | — | View 990 |
| 2013 | $1.0M | $904K | $1.2M | $43K | — | View 990 |
| 2012 | $983K | $953K | $1.0M | $39K | — | View 990 |
| 2011 | $924K | $968K | $978K | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $3.1M (revenue -5.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.3M, and assets of $3.3M (revenue -8.2% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.2M, and assets of $2.8M (revenue +35.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.1M, and assets of $2.0M (revenue +24.1% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $1.6M (revenue -7.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $995K, and assets of $1.7M (revenue -2.1% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $1.5M (revenue +2.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.0M, and assets of $1.3M (revenue +13.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $975K, and assets of $1.2M (revenue -1.8% year-over-year).
- 2013: Revenue of $1.0M, expenses of $904K, and assets of $1.2M (revenue +5.4% year-over-year).
- 2012: Revenue of $983K, expenses of $953K, and assets of $1.0M (revenue +6.4% year-over-year).
- 2011: Revenue of $924K, expenses of $968K, and assets of $978K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meals On Wheels Of Syracuse New York Inc:
Data Sources and Methodology
This transparency report for Meals On Wheels Of Syracuse New York 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.