Spoonfuls Inc

Analysis

Spoonfuls Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in April 2010, 16 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, Spoonfuls Inc reported income of $12.5m and spending of $13.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $12.5m (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 24%. 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, Spoonfuls Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Jewish Family & Childrens Service ($12.5m), Serve the People Inc ($12.5m) and Evangelical Childrens Home ($12.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $279k (2.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $3.3m against liabilities of $639k, net assets of $2.7m. It reported 45 employees.