Foodshed Alliance a NJ Nonprofit Corporation

Analysis

Foodshed Alliance a NJ Nonprofit Corporation is a registered charity in United States, based in Blairstown, NJ. It received its IRS tax-exemption ruling in September 2014, 12 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, Foodshed Alliance a NJ Nonprofit Corporation reported income of $770k and spending of $682k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $770k (+152%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 334%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodshed Alliance a NJ Nonprofit Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Young Mens-Young Womens Hebrew Association of Bergen County ($770k), HT Ministries ($770k) and Bridges of Norman Inc ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $82k (12% of expenses). Other salaries and wages came to $317k. At year end it held assets of $1.5m against liabilities of $2,297, net assets of $1.5m. It reported 12 employees.