Rescuing Leftover Cuisine Inc

Analysis

Rescuing Leftover Cuisine Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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, Rescuing Leftover Cuisine Inc reported income of $8.5m and spending of $8.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $8.5m (+133%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rescuing Leftover Cuisine Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Hunger Free Oklahoma Inc ($8.5m), Lincoln Street Inc ($8.5m) and Frontier Community Services Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $207k (2.5% of expenses). Other salaries and wages came to $759k. At year end it held assets of $1.3m against liabilities of $77k, net assets of $1.3m. It reported 22 employees.