Hunger Solutions New York Inc

Analysis

Hunger Solutions New York Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1989, 37 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 June 2023, Hunger Solutions New York Inc reported income of $10.4m and spending of $10.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $10.4m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hunger Solutions New York Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Greater Hope Foundation for Children ($10.4m), Weston United Community Renewal Inc ($10.4m) and Aid to Adoption of Special Kids ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $178k (1.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $10.9m against liabilities of $10.8m, net assets of $38k. It reported 30 employees.