For the Need Foundation

Analysis

For the Need Foundation is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in December 2004, 22 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, For the Need Foundation reported income of $480k and spending of $380k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $264k to $480k (+82%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 238%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, For the Need Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Deland Receiving Home Inc ($480k), Emergency Food Network Inc ($480k) and Hope Loves Company Inc ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $146k (39% of expenses). Other salaries and wages came to $66k. At year end it held assets of $407k against liabilities of $86k, net assets of $321k. It reported 3 employees.