Linn Community Food Bank Inc

Analysis

Linn Community Food Bank Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in October 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, Linn Community Food Bank Inc reported income of $202k and spending of $164k, spending 81% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $307k to $202k (-34%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Linn Community Food Bank Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Forest Township Area Senior Centerinc ($202k), Fis Cares Inc ($202k) and Good Local Market Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $645k against liabilities of $0, net assets of $645k.