Foundation of the National Association of Catering Executives

Analysis

Foundation of the National Association of Catering Executives is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in December 1986, 40 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, Foundation of the National Association of Catering Executives reported income of $105k and spending of $112k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $116k to $105k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 34%. 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, Foundation of the National Association of Catering Executives 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 41st percentile within TX. Charities of a similar size with the same main cause include Gabby Petito Foundation ($105k), Community Options Inc ($105k) and Elijahs Path to Healing Foundation ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $927k against liabilities of $0, net assets of $927k.