Food Connect Co

Analysis

Food Connect Co is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 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 Connect Co reported income of $2.3m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $2.3m (+970%), an average of +81% a year. The sharpest change came in the year to December 2020, when income rose by 213%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Connect Co sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Juliettes House ($2.3m), Mount Airy Bethesda Manor Inc ($2.3m) and United Charities Inc of Hazleton ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $150k (7.6% of expenses). Other salaries and wages came to $411k. At year end it held assets of $1.3m against liabilities of $136k, net assets of $1.1m. It reported 7 employees.