Meet The Needs Charleston

EIN: 472703106 501(c)(3) Food, Agriculture & Nutrition

Mount Pleasant, SC

Total Revenue
$1,085,416
Total Expenses
$1,017,292
Total Assets
$207,685
Net Assets
$207,685
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
SC
Phone
8438105960
Tax Period
2024-07-01 to 2025-06-30

Meet The Needs Charleston, founded in 2009, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

TO ELIMINATE SOME OF THE BURDEN THE AREA SOUP KITCHENS AND SHELTERS ARE FACING IN TODAYS ECONOMIC ENVIRONMENT AND TO ADMINISTER AN EDUCATIONAL PROGRAM IN AREA HIGH SCHOOLS THAT PROVIDES JOB READINESS TRAINING FOR INDIVIDUALS WHO WISH TO ENTER THE HOSPITALITY WORKFORCE.

Program Service Accomplishments

Program 1
Expenses: $870,191

The goal of Feed the Need Charleston is to support organizations involved in feeding at-risk residents of the greater Charleston area, including One80Place, Neighbors Together, and Neighborhood...

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The goal of Feed the Need Charleston is to support organizations involved in feeding at-risk residents of the greater Charleston area, including One80Place, Neighbors Together, and Neighborhood House. This initiative is accomplished by fund raising events throughout the year, including, but not limited to Dining For A Cause, and FTN Kiawah Island Golf Outing. These events are made possible through the assistance of many local food and beverage professionals which support Feed the Need Charleston in achieving our fundraising goals. In addition, Feed the Need Charleston supports job training programs aimed at assisting people in finding opportunities to better their lives.

Program 2

Teach the Need, a recently launched initiative, is providing a 6-week restaurant skills curriculum to students in eight area, Title I high schools. The goal is to help these young adults develop the...

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Teach the Need, a recently launched initiative, is providing a 6-week restaurant skills curriculum to students in eight area, Title I high schools. The goal is to help these young adults develop the skills and confidence needed to secure - and keep - jobs in the food and beverage industry.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $389,796
Program Service Revenue $0
Investment Income $0
Other Revenue $695,620
TOTAL REVENUE $1,085,416

Expense Breakdown

Grants Paid $870,033
Salaries & Benefits $124,824
Fundraising Expenses $0
Program Expenses $870,191
Other Expenses $22,435
TOTAL EXPENSES $1,017,292

Year-over-Year Comparison

2024 2023 Change
Revenue $1,085,416 $886,125 +0.2%
Expenses $1,017,292 $852,841 +0.2%
Net Income $68,124 $33,284 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
2
Employees
2
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$99,583
Total Directors
4
$99,583
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dixon Woodward Treasurer 2.0
Officer Director
$0 $0 $0
Ellen Gansen Secretary 5.0
Officer Director
$34,583 $0 $34,583
Michael Bakst President 10.0
Officer Director
$65,000 $0 $65,000
Steve Palmer Board Member 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,085,416 $1,017,292 $207,685 $68,124
2024 $886,125 $852,841 $141,265 $33,284
2023 $901,643 $847,674 $108,050 $53,969
2022 $870,683 $849,188 $52,308 $21,495
2021 $308,753 $417,971 $30,813 $-109,218
2020 $827,986 $706,772 $142,828 $121,214
2019 $494,976 $504,860 $18,818 $-9,884
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