Bionutrient Food Association Inc

Analysis

Bionutrient Food Association Inc is a registered charity in United States, based in Barre, MA. It received its IRS tax-exemption ruling in February 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, Bionutrient Food Association Inc reported income of $596k and spending of $461k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $928k to $596k (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 317%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bionutrient Food Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Promise Community Center ($596k), Hudson Valley Honor Flight Inc ($596k) and Welcome Table Inc ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $210k (46% of expenses). Other salaries and wages came to $72k. At year end it held assets of $713k against liabilities of $51k, net assets of $662k. It reported 3 employees.