Wyoming Food for Thought Project

Analysis

Wyoming Food for Thought Project is a registered charity in United States, based in Casper, WY. It received its IRS tax-exemption ruling in May 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 (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, Wyoming Food for Thought Project reported income of $635k and spending of $658k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $635k (-48%), an average of -15% a year. The sharpest change came in the year to June 2020, when income dropped by 44%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wyoming Food for Thought Project sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within WY. Charities of a similar size with the same main cause include Grace Medical Home Foundation Inc ($635k), Rose of Sharon Inc ($635k) and Prescott Farmers Market Inc ($635k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $68k (10% of expenses). Other salaries and wages came to $161k. At year end it held assets of $1.1m against liabilities of $4,000, net assets of $1.1m. It reported 8 employees.