Gods Outreach Madison County Food Bank

Analysis

Gods Outreach Madison County Food Bank is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, 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, Gods Outreach Madison County Food Bank reported income of $489k and spending of $337k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $489k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gods Outreach Madison County Food Bank sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include Neighbor by Neighbor ($489k), Restore Braj ($489k) and Feeding Children International of Stewart ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $97k (29% of expenses). Other salaries and wages came to $78k. At year end it held assets of $980k against liabilities of $9,862, net assets of $970k. It reported 6 employees.