Bath Area Food Bank

Analysis

Bath Area Food Bank is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in March 1996, 30 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, Bath Area Food Bank reported income of $220k and spending of $209k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $405k to $220k (-46%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bath Area Food Bank sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Anchor Point Food Pantry ($220k), Abilities at Crestview Inc ($220k) and River Valley Food 4 Kids Inc ($220k).

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 $66k (31% of expenses). Other salaries and wages came to $32k. At year end it held assets of $906k against liabilities of $1,912, net assets of $905k. It reported 5 employees.