Fare Meals Inc

Analysis

Fare Meals Inc is a registered charity in United States, based in Bal Harbour, FL. It received its IRS tax-exemption ruling in April 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, Fare Meals Inc reported income of $248k and spending of $265k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $240k to $248k (+3.3%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fare Meals Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Family House Inc ($248k), Ossipee Valley Agricultural Society ($248k) and 4 the Fallen ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $60k (23% of expenses). It paid $72k in professional fundraising fees. At year end it held assets of $11k against liabilities of $2,238, net assets of $9,163. It reported 1 employees.