Now Serving Inc

Analysis

Now Serving Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 2023, 3 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, Now Serving Inc reported income of $257k and spending of $261k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $257k (+176%), an average of +176% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Now Serving Inc 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 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Our Helpers ($257k), Amazing Grace Adoptions ($257k) and Central Community Services Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $81k (31% of expenses). At year end it held assets of $93k against liabilities of $3,599, net assets of $89k.