The Food Drive Inc

Analysis

The Food Drive Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in May 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, The Food Drive Inc reported income of $552k and spending of $545k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $450k to $552k (+23%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Food Drive Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Next Generation for Christ Inc ($552k), Dove Inc Domestic Violence Escape Inc ($552k) and We Care Adult Family Company ($552k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $161k (30% of expenses). At year end it held assets of $86k against liabilities of $0, net assets of $86k.