Local Infant Formula for Emergencies Inc

Analysis

Local Infant Formula for Emergencies Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover human services, 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, Local Infant Formula for Emergencies Inc reported income of $905k and spending of $1.0m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $905k (+77%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Local Infant Formula for Emergencies 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 82nd percentile within TX. Charities of a similar size with the same main cause include Be Kind San Antonio Inc ($905k), Peaceful Hugs ($905k) and Kol Yisrael at 290 North Street Inc ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $100k (9.7% of expenses). Other salaries and wages came to $250k. It paid $8,742 in professional fundraising fees. At year end it held assets of $503k against liabilities of $15k, net assets of $488k. It reported 11 employees.