Fat Beet Foundation Inc

Analysis

Fat Beet Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 2021, 5 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, Fat Beet Foundation Inc reported income of $132k and spending of $106k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $132k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fat Beet Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Boggy Bayou Festival Inc Hwy 1152 ($132k), Kamiah Senior Citizens Society Inc ($132k) and Rhythm of the Rein Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $64k. At year end it held assets of $13k against liabilities of $3,816, net assets of $9,613. It reported 2 employees.