Hole Food Rescue Corp

Analysis

Hole Food Rescue Corp is a registered charity in United States, based in Jackson, WY. It received its IRS tax-exemption ruling in March 2015, 11 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, Hole Food Rescue Corp reported income of $1.6m and spending of $678k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $1.6m (+241%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 156%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hole Food Rescue Corp sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 89th percentile within WY. Charities of a similar size with the same main cause include Rican-Rhode Island Center Assisting Those in Need ($1.6m), Northeast Contemporary Services Inc ($1.6m) and WNC Communities ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $90k (13% of expenses). Other salaries and wages came to $247k. At year end it held assets of $3.3m against liabilities of $868k, net assets of $2.5m. It reported 10 employees.