Coastal Foodshed Inc

Analysis

Coastal Foodshed Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in December 2018, 8 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, Coastal Foodshed Inc reported income of $930k and spending of $827k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $930k (+171%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 114%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coastal Foodshed Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Inter-Faith Treasure House ($930k), National Center of Afro American Artists Inc ($930k) and Nauset Youth Alliance ($930k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $72k (8.7% of expenses). Other salaries and wages came to $254k. At year end it held assets of $574k against liabilities of $126k, net assets of $448k. It reported 13 employees.