Food Research & Action Center Inc

Analysis

Food Research & Action Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1972, 54 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, Food Research & Action Center Inc reported income of $16.6m and spending of $14.8m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $16.6m (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 221%. 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, Food Research & Action Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Maravilla Foundation ($16.6m), Westminster Shores Inc ($16.6m) and Quality Childrens Services ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $556k (3.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $12.5m against liabilities of $5.7m, net assets of $6.8m. It reported 59 employees.