Foodchain

Analysis

Foodchain is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 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 December 2023, Foodchain reported income of $1.4m and spending of $1.6m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $487k to $1.4m (+177%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodchain sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Peoples Fund ($1.4m), Parent Encouragement Program Inc ($1.4m) and Montgomery County Chamber Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $117k (7.5% of expenses). Other salaries and wages came to $344k. At year end it held assets of $876k against liabilities of $0, net assets of $876k. It reported 21 employees.