South Corvallis Food Bank

Analysis

South Corvallis Food Bank is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in October 2005, 21 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, South Corvallis Food Bank reported income of $358k and spending of $396k, spending 110% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $335k to $358k (+7.0%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Corvallis Food Bank sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within OR. Charities of a similar size with the same main cause include Centerburg Senior Services Inc ($358k), Fort Smith Christian Family Services Inc ($358k) and Southern Dallas Link Inc ($358k).

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 $39k (9.9% of expenses). At year end it held assets of $292k against liabilities of $2,790, net assets of $289k. It reported 2 employees.