Friends of the World Food Program Inc

Analysis

Friends of the World Food Program Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1995, 31 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 September 2023, Friends of the World Food Program Inc reported income of $137.5m and spending of $140.1m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.1m to $137.5m (+618%), an average of +64% a year. The sharpest change came in the year to September 2021, when income rose by 112%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of the World Food Program 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 DC. Charities of a similar size with the same main cause include Riderwood Village Inc ($136.9m), Family & Childrens Service Inc ($137.5m) and Covenant Living West ($136.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.3m (0.9% of expenses). Other salaries and wages came to $8.2m. It paid $1.8m in professional fundraising fees. At year end it held assets of $83.7m against liabilities of $55.5m, net assets of $28.2m. It reported 84 employees.