Real Food Inc

Analysis

Real Food Inc is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Real Food Inc reported income of $123k and spending of $124k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $56k to $123k (+119%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Real Food Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Naugatuck Economic Development Corporation ($123k), Hope Shelter Inc ($123k) and National Grain & Feed Foundation ($123k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $22k (17% of expenses). At year end it held assets of $5,538 against liabilities of $12k, net assets of -$6,010.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.