Eastern Shore Food Lab

Analysis

Eastern Shore Food Lab is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Eastern Shore Food Lab reported income of $188k and spending of $156k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $188k (+198%), an average of +198% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastern Shore Food Lab sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Schuylkill Valley Community Library Inc ($188k), Brandywine Community Library ($188k) and Montessori Center of Pearl Harbor ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 67% of the total. Other salaries and wages came to $46k. At year end it held assets of $60k against liabilities of $11k, net assets of $50k. It reported 2 employees.