Food for the Hungry Inc

Analysis

Food for the Hungry Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Food for the Hungry Inc reported income of $58k and spending of $55k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $58k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Food for the Hungry Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include St Theodore Catholic School Endowment Fund Inc ($58k), Society for Preservation & Encrgmnt of Barbershop Quartet Singing Amer ($58k) and First United Methodist Church Foundation of Kerrville Texas Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,579 against liabilities of $0, net assets of $6,579.