Foodright Inc

Analysis

Foodright Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 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 September 2023, Foodright Inc reported income of $444k and spending of $413k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $214k to $444k (+107%), an average of +20% a year. The sharpest change came in the year to September 2021, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodright Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Serenity House of Flint ($443k), Hand in Hand Multicultural Center ($444k) and Mission House Inc ($443k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). Other salaries and wages came to $223k. At year end it held assets of $373k against liabilities of $38k, net assets of $335k. It reported 6 employees.