Nourishing Bethesda Inc

Analysis

Nourishing Bethesda Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in December 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, Nourishing Bethesda Inc reported income of $957k and spending of $767k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $434k to $957k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nourishing Bethesda Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Vincentian Ohio Action Network ($957k), Jab Cares ($957k) and Cortland College Childrens Center ($957k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $123k (16% of expenses). Other salaries and wages came to $28k. At year end it held assets of $357k against liabilities of $43k, net assets of $314k. It reported 3 employees.