Feeding Wilmington Inc

Analysis

Feeding Wilmington Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Feeding Wilmington Inc reported income of $330k and spending of $362k, spending 109% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $643k to $330k (-49%), an average of -49% a year. The sharpest change came in the year to June 2024, when income dropped by 49%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Feeding Wilmington Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Peoples Choice Payee Services ($330k), Hannahs House 119 ($330k) and Lemme Before and After School Program ($330k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $12.6m against liabilities of $12.1m, net assets of $544k.