Connecticut Foodshare Inc

Analysis

Connecticut Foodshare Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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 June 2024, Connecticut Foodshare Inc reported income of $120.2m and spending of $122.9m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $49.8m to $120.2m (+142%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Foodshare Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Start Early ($120.1m), Nursing Sisters Home Care ($121.5m) and McGaw Medical Center of Northwestern University ($119.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $570k (0.5% of expenses). Other salaries and wages came to $8.6m. It paid $1.2m in professional fundraising fees. At year end it held assets of $56.4m against liabilities of $3.8m, net assets of $52.6m. It reported 145 employees.