Edesia Inc

Analysis

Edesia Inc is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in April 2009, 17 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, Edesia Inc reported income of $185.7m and spending of $97.8m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $63.8m to $185.7m (+191%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Edesia Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Feeding America Tampa Bay Inc ($185.4m), Dallas County Local Workforce Development Board ($186.4m) and Hamaspik of Kings County Inc ($184.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $653k (0.7% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $154.8m against liabilities of $19.6m, net assets of $135.3m. It reported 193 employees.