ICT Food Rescue Inc

Analysis

ICT Food Rescue Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in February 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, ICT Food Rescue Inc reported income of $276k and spending of $210k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $276k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, ICT Food Rescue Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KS. Charities of a similar size with the same main cause include Spirit and Truth Ministries Inc ($276k), His Haitian Interdenominational Shelter Home for Children ($276k) and Eastwick United CDC ($276k).

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 $46k (22% of expenses). Other salaries and wages came to $44k. At year end it held assets of $205k against liabilities of $3,108, net assets of $202k. It reported 3 employees.