Food Runners Collaborative Inc

Analysis

Food Runners Collaborative Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Food Runners Collaborative Inc reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.3m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Runners Collaborative Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Ward County Greater Works Inc ($2.3m), Barbara Olson Center of Hope ($2.3m) and New Vistas ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $115k (4.7% of expenses). Other salaries and wages came to $574k. At year end it held assets of $2.7m against liabilities of $106k, net assets of $2.6m. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.