Nutrition Services Incorporated

Analysis

Nutrition Services Incorporated is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in May 2003, 23 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, Nutrition Services Incorporated reported income of $2.8m and spending of $2.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nutrition Services Incorporated sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Fresh Approach ($2.8m), Cedar Circle Farm and Education Center Inc ($2.8m) and Senior Services of Van Buren County Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $225k (8.1% of expenses). Other salaries and wages came to $715k. At year end it held assets of $848k against liabilities of $234k, net assets of $614k. It reported 46 employees.