Foodcycle

Analysis

Foodcycle is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 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 July 2023, Foodcycle reported income of $539k and spending of $526k, spending 98% of its income. Across the 3 years on record, from July 2021 to July 2023, income grew from $393k to $539k (+37%), an average of +17% a year. The sharpest change came in the year to July 2023, when income rose by 87%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodcycle sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Pregnancy Care Center of Chandler ($539k), Residents Council of Horizon House ($539k) and Correa Family Foundation ($539k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $262k. At year end it held assets of $140k against liabilities of $16k, net assets of $124k. It reported 7 employees.