The Food Basket Inc

Analysis

The Food Basket Inc is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in July 2008, 18 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, The Food Basket Inc reported income of $15.0m and spending of $13.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $15.0m (+163%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 200%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Food Basket 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 96th percentile, and in the 97th percentile within HI. Charities of a similar size with the same main cause include Kno-Ho-Co-Ashland Community Action Commission ($15.0m), Child Care of Southwest Florida Inc ($15.0m) and United Zion Retirement Community ($15.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $122k (0.9% of expenses). Other salaries and wages came to $1.3m. It paid $107k in professional fundraising fees. At year end it held assets of $12.9m against liabilities of $1.2m, net assets of $11.7m. It reported 53 employees.