Waste-Not-Want-Not Inc

Analysis

Waste-Not-Want-Not Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2005, 21 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 December 2023, Waste-Not-Want-Not Inc reported income of $92k and spending of $102k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $363k to $92k (-75%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 255%. 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, Waste-Not-Want-Not Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Girls Give Back ($92k), Luke S Kids Inc ($92k) and Building Child and Family Initiatives-A Community Empowerme ($92k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $72k against liabilities of $2,000, net assets of $70k.

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.