Loving Food Resources

Analysis

Loving Food Resources is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 June 2023, Loving Food Resources reported income of $600k and spending of $472k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $391k to $600k (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loving Food Resources sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Christian Services to the Elderly Inc ($600k), International Pediatric Research Foundation Inc ($600k) and California State Library Foundation ($600k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $65k (14% of expenses). Other salaries and wages came to $13k. At year end it held assets of $555k against liabilities of $3,466, net assets of $552k. It reported 3 employees.