Nutrition Source

Analysis

Nutrition Source is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2009, 17 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 2022, Nutrition Source reported income of $431k and spending of $432k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $399k to $431k (+8.1%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 19%. 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, Nutrition Source sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Daisy Fund ($431k), Faulkton Area Out of School Program ($431k) and Josephs Coat Inc ($431k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (8.1% of expenses). At year end it held assets of $38 against liabilities of $0, net assets of $38. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.