Esteamed Coffee Inc

Analysis

Esteamed Coffee Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, 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, Esteamed Coffee Inc reported income of $301k and spending of $275k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $256k to $301k (+18%), an average of +5.6% a year. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Esteamed Coffee Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include All Our Kids Inc ($301k), Lil Scholars Learning Academy Inc ($301k) and Crescent Food Bank ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $184k. At year end it held assets of $395k against liabilities of $44k, net assets of $352k. It reported 24 employees.