Feednc

Analysis

Feednc is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in June 1996, 30 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, Feednc reported income of $5.1m and spending of $4.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $5.1m (+167%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Feednc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Texas Baptist Childrens Home Inc ($5.1m), Community Action Inc ($5.1m) and Reed Next Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $128k (2.8% of expenses). Other salaries and wages came to $820k. At year end it held assets of $11.7m against liabilities of $2.6m, net assets of $9.1m. It reported 24 employees.