New England Food Foundation Inc

Analysis

New England Food Foundation Inc is a registered charity in United States, based in Weymouth, MA. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New England Food Foundation Inc reported income of $258k and spending of $173k, leaving 33% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $232k to $258k (+11%), an average of +2.7% a year. The sharpest change came in the year to August 2022, when income dropped by 46%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Food Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include San Gabriel Valley Junior All American Football Conference ($258k), St Thomas Swimming Association Inc ($258k) and Mnic Building Company ($258k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.7% and program service revenue 0.6% of the total. At year end it held assets of $4.4m against liabilities of $113k, net assets of $4.3m.