Northside Grocery Inc

Analysis

Northside Grocery Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in April 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northside Grocery Inc reported income of $188k and spending of $613k, spending 327% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $515k to $188k (-64%), an average of -40% a year. The sharpest change came in the year to June 2022, when income dropped by 43%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northside Grocery Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Greer Institute LLC ($188k), College Station Rotary Club Charities ($188k) and Joy of Giving Inc ($187k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $379k. At year end it held assets of $717k against liabilities of $670k, net assets of $47k. It reported 12 employees.