Food Rescue Inc

Analysis

Food Rescue Inc is a registered charity in United States, based in Sheridan, IN. It received its IRS tax-exemption ruling in December 2008, 18 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, Food Rescue Inc reported income of $52k and spending of $89k, spending 171% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $185k to $52k (-72%), an average of -34% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Rescue Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IN. Charities of a similar size with the same main cause include Eric C Savader Memorial Disabilities Fund ($52k), Chinatown Main Street Inc ($52k) and Vinfen Corporation of Plain Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.