Munich Grocery

Analysis

Munich Grocery is a registered charity in United States, based in Munich, ND. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, 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, Munich Grocery reported income of $229k and spending of $202k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $229k (+684%), an average of +684% a year. The sharpest change came in the year to December 2023, when income rose by 684%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Munich Grocery sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 50th percentile within ND. Charities of a similar size with the same main cause include Abide Collective ($229k), Calloway County Schools Foundation Inc ($229k) and Kids and Dreams Foundation Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Other salaries and wages came to $22k. At year end it held assets of $52k against liabilities of $12k, net assets of $41k. It reported 1 employees.