Hatteras Island Meals Inc

Analysis

Hatteras Island Meals Inc is a registered charity in United States, based in Buxton, NC. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Hatteras Island Meals Inc reported income of $164k and spending of $66k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $164k (+0.6%), an average of +0.6% a year. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hatteras Island Meals Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Particular Council of Santa Cruz County Society of St Vincent de ($164k), Fort Lupton Food and Clothing Bank ($164k) and Oxford Kids Foundation ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $272k against liabilities of $0, net assets of $272k.