Lettum Eat Inc

Analysis

Lettum Eat Inc is a registered charity in United States, based in Snellville, GA. It received its IRS tax-exemption ruling in December 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, Lettum Eat Inc reported income of $376k and spending of $233k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $465k to $376k (-19%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lettum Eat Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Golden Rule Services Inc ($376k), Partners for Better Health ($376k) and Catholic Worker Hospitality House ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $50k (21% of expenses). Other salaries and wages came to $8,701. At year end it held assets of $311k against liabilities of $0, net assets of $311k. It reported 6 employees.