Foodshare Inc

Analysis

Foodshare Inc is a registered charity in United States, based in Oxnard, CA. It received its IRS tax-exemption ruling in March 1984, 42 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, Foodshare Inc reported income of $47.7m and spending of $36.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.3m to $47.7m (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodshare Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Starfish Family Services Inc ($47.7m), YMCA of the Rockies ($47.7m) and The Mennonite Home ($47.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $474k (1.3% of expenses). Other salaries and wages came to $1.6m. It paid $41k in professional fundraising fees. At year end it held assets of $30.0m against liabilities of $949k, net assets of $29.0m. It reported 44 employees.