Fondy Food Center Inc

Analysis

Fondy Food Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Fondy Food Center Inc reported income of $632k and spending of $520k, spending 82% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $435k to $632k (+45%), an average of +9.8% a year. The sharpest change came in the year to October 2023, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fondy Food Center 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 74th percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Brookland Senior Day Care Center Inc ($632k), Mt Emily Safe Center ($632k) and King of Peace Episcopal Day School Inc ($632k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 90% and program service revenue 8.3% of the total. Other salaries and wages came to $115k. At year end it held assets of $641k against liabilities of $193k, net assets of $448k. It reported 9 employees.