Food for Education Foundation Inc

Analysis

Food for Education Foundation Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Food for Education Foundation Inc reported income of $25.7m and spending of $6.3m, leaving 76% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $999k to $25.7m (+2469%), an average of +2469% a year. The sharpest change came in the year to June 2023, when income rose by 2469%. Over the whole period it spent 24% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Education Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within DE. Charities of a similar size with the same main cause include Villa Nazareth ($25.6m), Advance Child Care Inc ($25.7m) and Region IV Area Agency on Aging Inc ($25.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. It paid $112k in professional fundraising fees. At year end it held assets of $25.4m against liabilities of $1,070, net assets of $25.4m.