Waste Not Inc

Analysis

Waste Not Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in October 1990, 36 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, Waste Not Inc reported income of $5.5m and spending of $5.7m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.2m to $5.5m (+32%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 73%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waste Not Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Institute for the Puerto Rican Hispanic Elderly Inc ($5.5m), Jewish Family Services Inc ($5.5m) and Parent Infant Center ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $109k (1.9% of expenses). Other salaries and wages came to $362k. It paid $29k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $105k, net assets of $1.2m.