Feedmore Wny Foundation Inc

Analysis

Feedmore Wny Foundation Inc is a registered charity in United States, based in Buffalo, NY. 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 December 2023, Feedmore Wny Foundation Inc reported income of $12.7m and spending of $3.0m, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $12.7m (+647%), an average of +65% a year. The sharpest change came in the year to December 2020, when income rose by 539%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Feedmore Wny Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include National Community Oncology Dispensing Association ($12.7m), Cascade Manor Inc ($12.7m) and United Bronx Parents Inc ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $283k (9.4% of expenses). Other salaries and wages came to $790k. It paid $657k in professional fundraising fees. At year end it held assets of $63.6m against liabilities of $795k, net assets of $62.9m. It reported 38 employees.