Food for Thought Outreach Inc

Analysis

Food for Thought Outreach Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, Food for Thought Outreach Inc reported income of $1.2m and spending of $1.3m, spending 105% of its income. Across the 5 years on record, from July 2020 to July 2024, income fell from $1.3m to $1.2m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to July 2022, when income rose by 38%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Food for Thought Outreach Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Everylibrary Institute NFP ($1.2m), Math Corps ($1.2m) and Billion Dollar Roundtable Inc ($1.2m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $119k (9.1% of expenses). Other salaries and wages came to $304k. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $366k. It reported 22 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.