Friends of the Food Industry Inc

Analysis

Friends of the Food Industry Inc is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of the Food Industry Inc reported income of $85k and spending of $91k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $85k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Food Industry Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include League of United Latin American Citizens ($85k), Texas Nursery and Landscape Association Foundation ($85k) and National Charity League Inc ($85k).

At year end it held assets of $265k against liabilities of $0, net assets of $265k.