Gifts From the Heart Food Bank

Analysis

Gifts From the Heart Food Bank is a registered charity in United States, based in Coupeville, WA. It received its IRS tax-exemption ruling in November 2002, 24 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, Gifts From the Heart Food Bank reported income of $343k and spending of $46k, leaving 87% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $150k to $343k (+129%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 233%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gifts From the Heart Food Bank 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 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Colorado East Community Action Agency ($343k), Mount Zion Day Care Center Inc ($344k) and Pastoral Counseling of Northern Virginia ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. It paid $460 in professional fundraising fees. At year end it held assets of $967k against liabilities of $0, net assets of $967k.