Feast Down East Inc

Analysis

Feast Down East Inc is a registered charity in United States, based in Burgaw, NC. It received its IRS tax-exemption ruling in March 2013, 13 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, Feast Down East Inc reported income of $462k and spending of $463k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $132k to $462k (+251%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Feast Down East Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Garden Gate Child Development Center Inc ($462k), Isaiah 117 Project Inc ($462k) and Come and See Preschool & After School ($462k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $63k (14% of expenses). Other salaries and wages came to $143k. At year end it held assets of $460k against liabilities of $375k, net assets of $86k. It reported 14 employees.