Feed the Need of Putnam County Inc

Analysis

Feed the Need of Putnam County Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in February 2018, 8 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, Feed the Need of Putnam County Inc reported income of $220k and spending of $112k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $217k to $220k (+1.4%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Feed the Need of Putnam County Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Family Promise of Cobb County ($220k), Dress for Success Memphis ($220k) and Ocean Park Food Bank ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $524k against liabilities of $0, net assets of $524k.