Cape Kid Meals Inc

Analysis

Cape Kid Meals Inc is a registered charity in United States, based in Forestdale, 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 June 2023, Cape Kid Meals Inc reported income of $809k and spending of $579k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to June 2023, income grew from $475k to $809k (+70%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 204%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cape Kid Meals Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Fostering Great Ideas ($808k), Rosaleanas Community Developmentcenter Inc ($809k) and Bertie County Y M C a Inc ($808k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $154k. At year end it held assets of $1.3m against liabilities of $114k, net assets of $1.2m. It reported 2 employees.