Food for Life Network Inc

Analysis

Food for Life Network Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1988, 38 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 June 2023, Food for Life Network Inc reported income of $2.6m and spending of $2.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.6m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Life Network Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Columbia Urban League Inc ($2.6m), Carolina Refugee Resettlement Agency Inc ($2.6m) and Ace Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $185k. At year end it held assets of $1.2m against liabilities of $569k, net assets of $679k. It reported 5 employees.