More Than Apples Inc

Analysis

More Than Apples Inc is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in May 2022, 4 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, More Than Apples Inc reported income of $160k and spending of $191k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $204k to $160k (-21%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, More Than Apples Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Kendal on Hudson Residents Association ($160k), Pink Heart Funds ($160k) and Missouri Bar Foundation ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. At year end it held assets of $194k against liabilities of $7,037, net assets of $187k.