Foodcorps Inc

Analysis

Foodcorps Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 2010, 16 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 July 2023, Foodcorps Inc reported income of $20.2m and spending of $21.8m, spending 108% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $18.2m to $20.2m (+11%), an average of +2.7% a year. The sharpest change came in the year to July 2022, when income rose by 138%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodcorps Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Family First Inc ($20.2m), Community Access Services II Inc ($20.2m) and Damien Center Inc ($20.2m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 89% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $2.0m (9.1% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $36.9m against liabilities of $2.1m, net assets of $34.8m. It reported 250 employees.