Nourish Nantucket Inc

Analysis

Nourish Nantucket Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Nourish Nantucket Inc reported income of $715k and spending of $710k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $178k to $715k (+302%), an average of +302% a year. The sharpest change came in the year to June 2023, when income rose by 302%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nourish Nantucket Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Jane Addams Development Corporation ($714k), Haven for Affordable Housing Inc ($715k) and Hartley Dodge Foundation ($714k).

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 $140k (20% of expenses). At year end it held assets of $221k against liabilities of $235k, net assets of -$14k. It reported 1 employees.