Rethink Food Usa Inc
EIN: 852420028 · New York, NY · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $15.6M |
| Total Expenses | $1.2M |
| Net Assets | $946K |
Is Rethink Food Usa Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rethink Food Usa Inc
Rethink Food Usa Inc (EIN: 852420028) is a nonprofit organization based in New York, NY, classified under NTEE code K30. The organization reported total revenue of $15.6M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rethink Food Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rethink Food Usa Inc is a large nonprofit that has been operating for 5 years, with 4 years of IRS 990 filings on record (2020–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$285K |
| Total Assets | $1.2M |
| Total Liabilities | $262K |
| Net Assets | $946K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 21.6% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2023, Rethink Food Usa Inc reported a surplus of $285K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 21.6% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +170.6% | +15.2% | +15.1% |
| 2022 | -54.6% | +1436.4% | -16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rethink Food Usa Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rethink Food Usa Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $285K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.6%.
Frequently Asked Questions about Rethink Food Usa Inc
Is Rethink Food Usa Inc a legitimate charity?
Rethink Food Usa Inc (EIN: 852420028) is a registered tax-exempt nonprofit based in New York. It has 4 years of IRS 990 filings on record. Total revenue: $15.6M. No red flags identified. Financial health grade: A.
How does Rethink Food Usa Inc spend its money?
Rethink Food Usa Inc reported $15.6M in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rethink Food Usa Inc tax-deductible?
Rethink Food Usa Inc is registered as a tax-exempt nonprofit (EIN: 852420028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rethink Food Usa Inc located?
Rethink Food Usa Inc is headquartered in New York, New York and files with the IRS under EIN 852420028. It is classified under NTEE code K30.
How many years of IRS 990 filings does Rethink Food Usa Inc have?
Rethink Food Usa Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $15.6M in total revenue.
Filing History
IRS 990 filing history for Rethink Food Usa Inc showing financial trends over 4 years of public records:
Total assets increased by 120789000% over the same period, from $1 to $1.2M. In its most recent filing year (2023), Rethink Food Usa Inc reported a surplus of $285K, with revenue exceeding expenses. The organization holds $262K in liabilities against $1.2M in assets (debt-to-asset ratio: 21.6%), resulting in net assets of $946K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.2M | $1.2M | $262K | — | — |
| 2022 | $567K | $1.1M | $1.0M | $388K | — | View 990 |
| 2021 | $1.3M | $71K | $1.3M | $71K | — | View 990 |
| 2020 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.2M, and assets of $1.2M (revenue +170.6% year-over-year).
- 2022: Revenue of $567K, expenses of $1.1M, and assets of $1.0M (revenue -54.6% year-over-year).
- 2021: Revenue of $1.3M, expenses of $71K, and assets of $1.3M.
- 2020: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rethink Food Usa Inc:
Data Sources and Methodology
This transparency report for Rethink Food Usa Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.