Good Food Institute Inc

Analysis

Good Food Institute Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in April 2016, 10 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 December 2023, Good Food Institute Inc reported income of $43.6m and spending of $31.0m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.6m to $43.6m (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Food Institute 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 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Bay Aging ($43.6m), Way Station Inc ($43.6m) and Lower Cape Fear Hospice Incorporated ($43.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $644k (2.1% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $65.2m against liabilities of $6.4m, net assets of $58.9m. It reported 120 employees.