The Food Group Minnesota Inc

Analysis

The Food Group Minnesota Inc is a registered charity in United States, based in New Hope, MN. It received its IRS tax-exemption ruling in August 1976, 50 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 September 2023, The Food Group Minnesota Inc reported income of $18.7m and spending of $18.0m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.9m to $18.7m (+57%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Food Group Minnesota Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Community Action Team Incorporated of ($18.7m), Shoes That Fit ($18.7m) and Community Providers of Adolescent Services Inc Compass ($18.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $160k (0.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $7.3m against liabilities of $1.3m, net assets of $5.9m. It reported 62 employees.