Empty Bowl Inc

Analysis

Empty Bowl Inc is a registered charity in United States, based in Edgewater, NJ. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Empty Bowl Inc reported income of $894k and spending of $1.0m, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $520k to $894k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Empty Bowl 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 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Featherock Conference Center Inc ($894k), Bikvei Hatzon Inc ($895k) and Menora International Inc ($893k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $378, net assets of $131k.