Rockaway Food Closet Inc

Analysis

Rockaway Food Closet Inc is a registered charity in United States, based in Rockaway, NJ. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rockaway Food Closet Inc reported income of $119k and spending of $138k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $119k (+8.8%), an average of +8.8% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rockaway Food Closet Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Olive Branch ($119k), South Mountain Lodge Bnai Brith SEN Ior Citizen Building Corp ($119k) and Youth Services Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.