Peanut Foundation Inc

Analysis

Peanut Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 1987, 39 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, Peanut Foundation Inc reported income of $933k and spending of $1000k, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $607k to $933k (+54%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peanut Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include South Whidbey Childrens Center ($933k), Ralston Mercy Douglas House ($933k) and Hospice and Palliative Care of Tidewater ($933k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $80k (8.0% of expenses). At year end it held assets of $2.0m against liabilities of $126k, net assets of $1.9m.