Share Food Program Inc

Analysis

Share Food Program Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1985, 41 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, Share Food Program Inc reported income of $56.2m and spending of $39.4m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $56.2m (+700%), an average of +68% a year. The sharpest change came in the year to June 2021, when income rose by 174%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Share Food Program 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 PA. Charities of a similar size with the same main cause include Masonicare Health Center ($56.1m), Catholic Charities of Santa Clara County ($56.2m) and Iri Innovative Resources for Independence Inc ($56.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $312k (0.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $38.0m against liabilities of $3.9m, net assets of $34.1m. It reported 87 employees.