Needs Inc

Analysis

Needs Inc is a registered charity in United States, based in Cheyenne, WY. It received its IRS tax-exemption ruling in June 1973, 53 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 June 2023, Needs Inc reported income of $648k and spending of $516k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $648k (-69%), an average of -25% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Needs Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within WY. Charities of a similar size with the same main cause include Frenchtown Senior Citizens Inc ($648k), Heartland International Ministries ($648k) and Libera Inc ($648k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 7.5% of the total. Other salaries and wages came to $182k. At year end it held assets of $468k against liabilities of $2,495, net assets of $466k. It reported 12 employees.