Rethink Food NYC Inc

Analysis

Rethink Food NYC Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rethink Food NYC Inc reported income of $50.5m and spending of $56.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $50.5m (+4081%), an average of +154% a year. The sharpest change came in the year to December 2020, when income rose by 3036%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rethink Food NYC Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Lumbee Land Development Inc ($50.5m), Think of US ($50.7m) and Texas Pregnancy Care Network ($50.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $872k (1.5% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $22.9m against liabilities of $12.5m, net assets of $10.5m. It reported 67 employees.