Agfood Future Foundation

Analysis

Agfood Future Foundation is a registered charity in United States, based in Wesley Chapel, FL. It received its IRS tax-exemption ruling in April 2022, 4 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, Agfood Future Foundation reported income of $1.0m and spending of $936k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $1.0m (-9.4%), an average of -4.8% a year. 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, Agfood Future Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Valley Interfaith Community Resource Center ($1000k), Wirt County Committee on Aging Inc ($1.0m) and Bright Start Child Care Ministry ($1000k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (1.3% of expenses). At year end it held assets of $168k against liabilities of $0, net assets of $168k.