Waste Not INC EIN 86-0650514 Form 990 (PDF) Claim this org

Waste Not INC

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Rescues surplus food from local businesses using a volunteer network and mobile app to deliver meals directly to community partners in need. For fiscal year 2024 it reported $6.2M in revenue, $6.4M in expenses, and $932K in net assets.Pt I

Founded
1990
Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Scottsdale, AZ
Website
www.wastenotaz.org
Filings
5 on file (2020–2024)
Revenue
$6.2MFY2024
Expenses
$6.4M
Net assets
$932K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  86-0650514 Public charity (501(c)(3)) Scottsdale, AZ Founded 1990
Form 990 (PDF)
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Figures match the IRS filing checked 8/20/26 · see original: IRS
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Size
$1–10M
What they do
Rescues surplus food from local businesses using a volunteer network and mobile app to deliver meals directly to community partners in need.
Leadership
Carly Weil · Treasurer
Money in and out
$6.2M revenue, $6.4M expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$6.2M
Pt VIII · Ln 12
Total expenses
$6.4M
Pt IX · Ln 25
Net assets
$932K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$172K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.02 Fundraising $0.03
Program efficiency
95%
of spending reaches programs+0.2% vs prior filing year
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate▼ -21% vs prior filing year
Surplus margin
-3%
revenue over expenses, this year▼ -37% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$6.2M
FY2024▲ +5%
Expenses
$6.4M
FY2024▲ +6%
Total assets
$1.0M
FY2024▼ -17%
Total liabilities
$110K
FY2024▼ -27%
Total revenue
$6.2M
Pt VIII · Ln 12
Total expenses
$6.4M
Pt IX · Ln 25
Net assets
$932K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$172K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWaste Not INC
EINHdr · item D86-0650514
Principal addressHdr · item CScottsdale, AZ
WebsiteHdr · item Jwww.wastenotaz.org
Year of formationHdr · item L1990
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K190)
Ruling yearIRS BMFOct 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Waste Not INC executive salaries →

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Mission & Programs · Part III

Where the work happens

2 program services account for $6.1M of program spending, described in the organization's own filed words · FY2024.
01

With a dual mission of hunger relief and climate change mitigation, Waste Not partners with nearly 60 food donors in the Greater Phoenix area-including grocers, caterers, restaurants, resorts, and event venues-to rescue edible excess food that would otherwise go to waste.

$6.1Mprogram expense
02

To expand its reach and impact, Waste Not launched a food rescue app in December 2019 designed to facilitate smaller-volume donations. The app enables local restaurants, retailers, and other food businesses to post surplus food outside of regular pickup routes.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$6.2M · 100%
Investment income$34K · 1%
Contributions & grants100%$6.2M
Investment income1%$34K
Total revenueLn 12$6.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.02 Fundraising $0.03
Program services95%$6.1M
Management & general2%$117K
Fundraising3%$209K
Total functional expensesLn 25$6.4M

Balance Sheet

Part X · end of year
CashLn 1$938K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$110K
Total net assetsLn 32$932K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $938K · Operating expenses (Pt IX) $6.4M · Less non-cash grants $5.4M · Cash operating expenses/yr $986K
11.4 months
Where the money goes
Program services
Program services $6.1M · Total expenses $6.4M
95%
Management & General
Management & general $117K · Total expenses $6.4M
2%
Fundraising
Fundraising $209K · Total expenses $6.4M
3%
Cost to raise $1
Fundraising expense (3-yr avg) $177K · Solicited contributions (3-yr avg) $5.8M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6.2M · Total revenue $6.2M
100%
Government reliance
Government grants — · Total revenue $6.2M
Earned-income share
Program service revenue $0 · Total revenue $6.2M
0%
Investment reliance
Investment income $34K · Total revenue $6.2M
+0.6%
Program self-sufficiency
Program service revenue $0 · Total expenses $6.4M
0%
Growth & trend
Revenue growth (YoY)
This year $6.2M · Prior year $5.9M
+5%
Revenue CAGR
FY2019 $4.2M · FY2024 $6.2M
+8%
Net-asset trend (YoY)
End of year $932K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.2M · Expenses $6.4M
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $932K · Total assets $1.0M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Carly Weil · Reported title Treasurer · Highest reported compensation $0 · Total expenses $6.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $503K · Total expenses $6.4M
8%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $24K · Gross raised $189K
13%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 2%
Fundraising cost ratio 3%
Revenue growth 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$500
Grants paid · 43 grants · $2.6M · 2019–2019
The Salvation ArmyHI · FY2019$450,943
Good Shepherd HomeAZ · FY2019$152,926
Mercy MinistriesAZ · FY2019$145,167
Fire & Water MinistriesAZ · FY2019$71,021
Church of God in Christ INCTN · FY2019$63,836
Abel HouseFY2019$63,133
First New Life Church INCAZ · FY2019$45,872
A New Leaf INCAZ · FY2019$43,701
Sunlight of the Spirit INCAZ · FY2019$38,908
YMCA Lincoln FamilyAZ · FY2019$38,580
See all 43 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$5.9M revenue · ⤓ 990 PDF
FY2023$5.5M revenue · ⤓ 990 PDF
FY2022$5.2M revenue · ⤓ 990 PDF
FY2021$7.2M revenue · ⤓ 990 PDF
FY2020$4.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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