Food Recovery Network Inc

Analysis

Food Recovery Network Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2012, 14 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 June 2023, Food Recovery Network Inc reported income of $1.3m and spending of $1.0m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $759k to $1.3m (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Recovery Network Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 59th percentile within DC. Charities of a similar size with the same main cause include Episcopal Kyle Home Inc ($1.3m), Carolina Federation Fund ($1.3m) and Eliza Huntington Memorial Home of Norwich Conn Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $168k (16% of expenses). Other salaries and wages came to $470k. At year end it held assets of $1.6m against liabilities of $23k, net assets of $1.5m. It reported 10 employees.