Rio Grande Food Project

Analysis

Rio Grande Food Project is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Rio Grande Food Project reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.3m (-47%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rio Grande Food Project sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NM. Charities of a similar size with the same main cause include The Early Childhood Council of Boulder County ($1.3m), Move Mountain View ($1.3m) and Clothing Across America ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $116k (9.1% of expenses). Other salaries and wages came to $328k. At year end it held assets of $955k against liabilities of $187k, net assets of $768k. It reported 9 employees.