Food Systems for the Future Institute

Analysis

Food Systems for the Future Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2020, 6 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, Food Systems for the Future Institute reported income of $1.2m and spending of $1.4m, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $595k to $1.2m (+106%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Systems for the Future Institute sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Dolls for Daughters and Kenzis Kidz ($1.2m), Franklin County Council on Aging Inc ($1.2m) and Alternatives Incorporated ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $168k (12% of expenses). Other salaries and wages came to $407k. At year end it held assets of $287k against liabilities of $264k, net assets of $23k. It reported 8 employees.