Community Kitchen Inc of Myrtle Beach

Analysis

Community Kitchen Inc of Myrtle Beach is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in November 1993, 33 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, Community Kitchen Inc of Myrtle Beach reported income of $409k and spending of $329k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $409k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Kitchen Inc of Myrtle Beach sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Pets for the Elderly Foundation ($409k), Forward Horizons Inc ($409k) and North Hollywood Interfaith Food Pantry ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $154k. It paid $6,228 in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $6,257, net assets of $1.2m. It reported 3 employees.