The Food Trust

Analysis

The Food Trust is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1993, 33 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 September 2023, The Food Trust reported income of $9.4m and spending of $8.9m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.9m to $9.4m (+19%), an average of +4.4% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Food Trust sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Bauer Family Resources Inc ($9.4m), Western Connecticut Area Agency on Aging Inc ($9.4m) and Mid-Willamette Family YMCA Inc ($9.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $409k (4.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $6.2m against liabilities of $4.4m, net assets of $1.8m. It reported 84 employees.