Food for Hungry Minds

Analysis

Food for Hungry Minds is a registered charity in United States, based in Circle Pines, MN. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2023, Food for Hungry Minds reported income of $163k and spending of $2,902, leaving 98% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income fell from $178k to $163k (-8.1%), an average of -2.8% a year. The sharpest change came in the year to April 2022, when income rose by 141%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Food for Hungry Minds sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Scholarship Fund of the Minneapolis Branch Aauw ($163k), The Marriage School Inc ($163k) and Plantation Foundation Inc ($163k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $596k against liabilities of $0, net assets of $596k.