Foodnbev Connect Inc

Analysis

Foodnbev Connect Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Foodnbev Connect Inc reported income of $103k and spending of $108k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $103k (-7.5%), an average of -7.5% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foodnbev Connect Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Woodinville Rotary Charitable Foundation ($102k), TP Forever ($103k) and Soul Support Systems Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $33k against liabilities of $34k, net assets of -$1,404.