Food to Power

Analysis

Food to Power is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in October 2016, 10 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, Food to Power reported income of $2.4m and spending of $3.2m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food to Power sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Ste Genevieve Group Home Inc ($2.4m), Golden Goose Thrift Shop ($2.4m) and Riverfront Childrens Center Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Other salaries and wages came to $894k. At year end it held assets of $2.7m against liabilities of $130k, net assets of $2.5m. It reported 48 employees.