The Corbin Hill Food Project Inc

Analysis

The Corbin Hill Food Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2014, 12 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, The Corbin Hill Food Project Inc reported income of $993k and spending of $1.3m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $773k to $993k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2020, when income rose by 283%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Corbin Hill Food Project Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include First Step ($993k), Loving Others on Purpose ($993k) and Hope House of Miller County Inc ($993k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $68k (5.3% of expenses). Other salaries and wages came to $350k. At year end it held assets of $868k against liabilities of $124k, net assets of $744k. It reported 15 employees.