Foodwaves

Analysis

Foodwaves is a registered charity in United States, based in Milwaukie, OR. It received its IRS tax-exemption ruling in April 2012, 14 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, Foodwaves reported income of $105k and spending of $113k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $105k (+6.0%), an average of +6.0% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodwaves sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OR. Charities of a similar size with the same main cause include Regency Cares ($105k), Job Crafters Inc ($105k) and Comet Kids Childcare ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $63k against liabilities of $9,941, net assets of $53k.