Feast Inc

Analysis

Feast Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2014, 12 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, Feast Inc reported income of $602k and spending of $1.3m, spending 222% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $602k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 179%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Feast Inc 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 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Families Helping Families of Greater New Orleans Inc ($602k), H E L P Services of Carroll County ($602k) and Resources for Infant Educarers ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $220k (16% of expenses). Other salaries and wages came to $406k. At year end it held assets of $255k against liabilities of $84k, net assets of $170k. It reported 12 employees.