412 Food Rescue Inc

Analysis

412 Food Rescue Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 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, 412 Food Rescue Inc reported income of $15.5m and spending of $17.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.0m to $15.5m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 412 Food Rescue Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Northeast Iowa Comm Action Corp ($15.5m), YWCA of Minneapolis ($15.5m) and Holston Home for Children Inc ($15.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $126k (0.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $5.5m against liabilities of $397k, net assets of $5.1m. It reported 45 employees.