MEALS ON WHEELS OF GREATER NEWBURGH INC
Mission Statement
Founded in 1972, Meals on Wheels has delivered home-cooked meals to the elderly, the handicapped and other individuals with special needs. We empower the infirm to live where they want to be – at home – with independence and dignity. With the support of over 100 dedicated volunteers, we have delivered over 503,178 meals in the past 46 years. Meals on Wheels of Greater Newburgh does not receive any government funding and depends on contributions from the community and businesses to support its mission. We are a registered 501(c)(3) charity and member of Meals on Wheels America, the oldest and largest organization in the United States representing members who provide meal services to those in need.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.0% | 89.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.0% | 7.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
13.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
13.6 mo | 10.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.1% | 0.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
59.3% | 96.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
27.8% | 10.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-6.6% | 10.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-4.7% | 4.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $228K | $239K | $270K | 79.0% | 10 |
| 2023 | $179K | $256K | $283K | 83.9% | 7 |
| 2022 | $192K | $163K | $361K | 85.8% | 7 |
| 2021 | $178K | $144K | N/A | — | 6 |
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