Connected Chef Foundation Inc

Analysis

Connected Chef Foundation Inc is a registered charity in United States, based in East Elmhurst, NY. It received its IRS tax-exemption ruling in July 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 (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, Connected Chef Foundation Inc reported income of $1.1m and spending of $720k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $225k to $1.1m (+408%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connected Chef Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Survivor Ventures ($1.1m), Northern Star Transportation ($1.1m) and SBC Development Corporation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $61k (8.5% of expenses). Other salaries and wages came to $200k. At year end it held assets of $765k against liabilities of $46k, net assets of $719k.