Nourish Now Foundation Inc

Analysis

Nourish Now Foundation Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in September 2011, 15 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, Nourish Now Foundation Inc reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.5m to $4.5m (+195%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 346%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nourish Now Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Latino Community Development Agency Inc ($4.5m), Damar Foundation Inc ($4.5m) and Houston Pregnancy Help Center Inc ($4.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $102k (2.3% of expenses). Other salaries and wages came to $171k. At year end it held assets of $588k against liabilities of $75k, net assets of $513k. It reported 17 employees.