Local Food Solutions

Analysis

Local Food Solutions is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in April 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 (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, Local Food Solutions reported income of $907k and spending of $875k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $428k to $907k (+112%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Local Food Solutions sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Northern Moore Family Resource Center Inc ($907k), Building for Tomorrow ($907k) and City of Refuge Dalton Inc ($907k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $175k. At year end it held assets of $95k against liabilities of $7,536, net assets of $88k. It reported 10 employees.