Foodlink Inc

Analysis

Foodlink Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in January 1983, 43 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 June 2023, Foodlink Inc reported income of $50.4m and spending of $50.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $38.5m to $50.4m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodlink Inc sits at the 99th 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 98th percentile within NY. Charities of a similar size with the same main cause include Evangelical Retirement Homes of Greater Chicago Inc ($50.4m), Covenant Retirement Communities Inc ($50.4m) and Stella Orton Home Care Agency Inc ($50.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $439k (0.9% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $12.8m against liabilities of $1.9m, net assets of $10.9m. It reported 174 employees.