Move for Hunger Inc

Analysis

Move for Hunger Inc is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in August 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 2023, Move for Hunger Inc reported income of $21.8m and spending of $21.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $21.8m (+193%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Move for Hunger Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Capitol Lakes Inc ($21.8m), St Annes Retirement Community Inc ($21.8m) and The Village Family Services Inc ($21.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (0.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $116k, net assets of $2.0m. It reported 28 employees.