Food System 6 Accelerator Inc

Analysis

Food System 6 Accelerator Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in October 2017, 9 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, Food System 6 Accelerator Inc reported income of $992k and spending of $333k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $992k (+199%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 343%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food System 6 Accelerator Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Columbia Second Chance ($992k), Denver Center Child Care Assoc ($992k) and Legacy Parenting Center ($992k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (37% of expenses). Other salaries and wages came to $143k. At year end it held assets of $923k against liabilities of $159k, net assets of $764k. It reported 4 employees.