Food Now Inc

Analysis

Food Now Inc is a registered charity in United States, based in DSRT Hot SPGS, CA. It received its IRS tax-exemption ruling in July 1971, 55 years ago. 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 June 2023, Food Now Inc reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.0m (+62%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Food Now Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include North Country Trail Association Incorporated ($2.0m), Families Forward ($2.0m) and Texas International Theatrical Arts Society ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $16k (0.8% of expenses). Other salaries and wages came to $62k. At year end it held assets of $341k against liabilities of $3,266, net assets of $338k. It reported 5 employees.