Reap Food Group Inc

Analysis

Reap Food Group Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 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 (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, Reap Food Group Inc reported income of $1.1m and spending of $866k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $542k to $1.1m (+111%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reap Food Group Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Senior Services Inc of Chester County ($1.1m), SBC Development Corporation Inc ($1.1m) and Cameron Willacy Counties Community ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $92k (11% of expenses). Other salaries and wages came to $283k. At year end it held assets of $800k against liabilities of $217k, net assets of $583k. It reported 11 employees.