Food First Incorporated

Analysis

Food First Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, 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 June 2024, Food First Incorporated reported income of $233k and spending of $354k, spending 152% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $732k to $233k (-68%), an average of -20% a year. The sharpest change came in the year to June 2023, when income rose by 259%. Over the whole period it spent 131% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food First Incorporated sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Helping Hands ($233k), Canoochee Emc Foundation Inc ($233k) and Center of Owensboro Daviess County ($233k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $82k. At year end it held assets of $903k against liabilities of $111k, net assets of $792k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.