Foodshed Capital

Analysis

Foodshed Capital is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foodshed Capital reported income of $1.6m and spending of $903k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $315k to $1.6m (+396%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 160%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodshed Capital sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Childrens Aid Society of West Texas ($1.6m), Clinical Outcomes Group Incorporated ($1.6m) and St Philips Child Development Center ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $95k (11% of expenses). Other salaries and wages came to $329k. At year end it held assets of $4.3m against liabilities of $2.4m, net assets of $1.9m. It reported 6 employees.