Food Co-Op Initiative

Analysis

Food Co-Op Initiative is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2011, 15 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 Co-Op Initiative reported income of $567k and spending of $571k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $556k to $567k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Co-Op Initiative sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Southern Prairie Family Fitness Center ($567k), Mia Spokane ($567k) and Fairbanks Youth Advocates ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $122k (21% of expenses). Other salaries and wages came to $182k. At year end it held assets of $317k against liabilities of $121k, net assets of $196k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.