Meet the Needs Charleston

Analysis

Meet the Needs Charleston is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in November 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 June 2023, Meet the Needs Charleston reported income of $902k and spending of $848k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $828k to $902k (+8.9%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 182%. 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, Meet the Needs Charleston sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Vintage House Senior Multi- Purpose Center of Sonoma Valley ($902k), Alliance Child & Family Solutions ($902k) and Montgomery County Child Development Association Inc ($901k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $75k (8.8% of expenses). Other salaries and wages came to $25k. At year end it held assets of $108k against liabilities of $1,773, net assets of $106k.