Food City Charitable Foundation Inc

Analysis

Food City Charitable Foundation Inc is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover human services, 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, Food City Charitable Foundation Inc reported income of $1.9m and spending of $1.1m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $972k to $1.9m (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food City Charitable Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Community Action Network ($1.9m), Pikeville Area Family YMCA Inc ($1.9m) and Central Christian Child Development Center Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $4.7m against liabilities of $119k, net assets of $4.6m.