Food for Families NC Inc

Analysis

Food for Families NC Inc is a registered charity in United States, based in Indian Trail, NC. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, 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 for Families NC Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $1.2m (+436%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 240%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Families NC Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Victorious Life Center Inc ($1.2m), Childrens Resource Network of the Central Coast ($1.2m) and El Centro Amistad ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $80k. At year end it held assets of $2.4m against liabilities of $19k, net assets of $2.3m. It reported 7 employees.