Lets Share a Meal Inc

Analysis

Lets Share a Meal Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in February 2016, 10 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, Lets Share a Meal Inc reported income of $118k and spending of $115k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $469k to $118k (-75%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lets Share a Meal Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Big Ocean Women ($118k), Gifts of Love of Pa ($118k) and Colorado Patriots Inc ($118k).

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 $125k against liabilities of $0, net assets of $125k.