Friends in Need Food Shelf

Analysis

Friends in Need Food Shelf is a registered charity in United States, based in Cottage Grove, MN. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, 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, Friends in Need Food Shelf reported income of $977k and spending of $925k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $977k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends in Need Food Shelf sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Upec Friend to Friend Network ($977k), No More Foundation Inc ($977k) and Family Emergency Teen Shelter Inc ($977k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $90k (9.7% of expenses). Other salaries and wages came to $73k. At year end it held assets of $2.4m against liabilities of $129k, net assets of $2.3m. It reported 3 employees.