Food Connection Inc

Analysis

Food Connection Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Food Connection Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.4m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Connection Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Pathways Community Center Inc ($1.4m), A Community for Peace ($1.4m) and Hasc Transportation Corp ($1.4m).

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 $64k (4.5% of expenses). Other salaries and wages came to $155k. At year end it held assets of $356k against liabilities of $10k, net assets of $346k. It reported 11 employees.