Fresh Start Pallet Products Inc

Analysis

Fresh Start Pallet Products Inc is a registered charity in United States, based in Hatford, CT. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fresh Start Pallet Products Inc reported income of $769k and spending of $599k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $769k (+273%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fresh Start Pallet Products Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Somali Community Services of Seattle ($769k), Impact Change ($769k) and Tag Foundation for Social Development ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $63k (11% of expenses). Other salaries and wages came to $248k. At year end it held assets of $430k against liabilities of $16k, net assets of $414k. It reported 11 employees.