Augusta Food Bank

Analysis

Augusta Food Bank is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in July 2003, 23 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, Augusta Food Bank reported income of $2.3m and spending of $2.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $955k to $2.3m (+141%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Augusta Food Bank sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within ME. Charities of a similar size with the same main cause include Generation One ($2.3m), Center for Family Development ($2.3m) and Boonslick Heartland Young Mens ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $114k (5.1% of expenses). Other salaries and wages came to $110k. At year end it held assets of $1.6m against liabilities of $641, net assets of $1.6m. It reported 4 employees.