A NEED WE FEED INC
Mission Statement
Our Mission: A Need We Feed Delivers Freshly Packaged Nutritious Meals To Our Veterans, Seniors, Children, And Families In Need. What we Do As a grassroots organization giving back to our community is paramount. A Need We Feed, a registered 501 (c) 3 non-profit organization, prepares, packages, and delivers over 11,000 hot meals to veterans, seniors, children, families, and the homeless in need. Each year a toy drive is held during Christmas to provide gifts to families. In the Spring, we provide Easter baskets filled with candy and goodies to many families and offer a complete Easter dinner. Partnerships help us succeed; our partnerships within the community have grown and continue to flourish. Together we join forces with immediate responses when called upon. Some of our partners include organizations such as the Department of Child Protection and Permanency. Oceans Family Success Center, Seeds of Service, Harbor House, Ocean Mental Health, MA22, Just Believe Inc., Recalibrate, Big Brothers Big Sisters, Chef Lou's Army, JUST BE, Shore Vineyard Church's soup kitchen, American Legions, CSM Robert Gallagher Charitable Foundation and Code Blue. We are always open and looking to grow our partnerships because we firmly believe many hands make light the work. We continue to partner with local non-profit organizations today that help veterans, seniors, children, and families in need.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
16.5% | 89.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
83.5% | 7.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
16.9 mo | 10.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 96.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-60.1% | 10.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-45.6% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-40.4% | 4.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $130K | $182K | $256K | 16.5% | 1 |
| 2023 | $325K | $334K | $308K | 55.5% | 1 |
| 2022 | $415K | $402K | $318K | 68.3% | 1 |
| 2021 | $1.2M | $536K | N/A | — | 1 |
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