Food Project Inc

Analysis

Food Project Inc is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Food Project Inc reported income of $3.6m and spending of $3.8m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $3.6m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2023, when income dropped by 23%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Project Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Rose House ($3.6m), Harmony at Home ($3.6m) and Agape for Youth Inc ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 5.1% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $4.5m against liabilities of $600k, net assets of $3.9m. It reported 206 employees.