Interfaith Food Bank Inc

Analysis

Interfaith Food Bank Inc is a registered charity in United States, based in Clute, TX. It received its IRS tax-exemption ruling in December 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, Interfaith Food Bank Inc reported income of $507k and spending of $493k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $644k to $507k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interfaith Food Bank Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Future Directions Consumer Operated Service Inc ($507k), Mt Washington Childrens Center ($507k) and Servicios Latinos de Burlington County Inc ($507k).

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 $12k (2.4% of expenses). At year end it held assets of $266k against liabilities of $4,036, net assets of $262k. It reported 1 employees.