Food for Thoughts Hancock County

Analysis

Food for Thoughts Hancock County is a registered charity in United States, based in Carthage, IL. It received its IRS tax-exemption ruling in May 2020, 6 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 2024, Food for Thoughts Hancock County reported income of $56k and spending of $76k, spending 136% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $53k to $56k (+6.0%), an average of +3.0% a year. The sharpest change came in the year to June 2024, when income rose by 44%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Thoughts Hancock County sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within IL. Charities of a similar size with the same main cause include Feed by Faith ($56k), Community Human Rights Protection ($56k) and Growing Together Texas ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.