Food for Thought Inc

Analysis

Food for Thought Inc is a registered charity in United States, based in Kitty Hawk, NC. It received its IRS tax-exemption ruling in November 2006, 20 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, Food for Thought Inc reported income of $96k and spending of $154k, spending 160% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $135k to $96k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Thought Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Society of St Vincent de Paul St Timothy Conference ($96k), Webster County Pantry Inc ($96k) and Life Change Community Outreach Inc ($96k).

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 $320k against liabilities of $0, net assets of $320k.