Top Box Foods

Analysis

Top Box Foods is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Top Box Foods reported income of $3.0m and spending of $3.5m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $872k to $3.0m (+242%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 148%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Top Box Foods sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Wellspring House Inc ($3.0m), For Oak Cliff ($3.0m) and Make a Wish of Middle Tennessee Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $1.3m, net assets of $952k. It reported 43 employees.