Food Exploration and Discovery

Analysis

Food Exploration and Discovery is a registered charity in United States, based in Monrovia, CA. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Food Exploration and Discovery reported income of $432k and spending of $285k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $234k to $432k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Exploration and Discovery sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Independence Unlimited Inc ($432k), Help Peru Inc ($432k) and Provident Housing Solutions Inc ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $74k (26% of expenses). Other salaries and wages came to $95k. At year end it held assets of $253k against liabilities of $0, net assets of $253k. It reported 4 employees.