Food for Thought Toledo Inc

Analysis

Food for Thought Toledo Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover human services, 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 for Thought Toledo Inc reported income of $160k and spending of $199k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $160k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Thought Toledo Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include Do Good Mission ($160k), Engera Inc ($160k) and Assembleia de Deus Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $74k (37% of expenses). Other salaries and wages came to $58k. At year end it held assets of $81k against liabilities of $0, net assets of $81k. It reported 5 employees.