Galveston County Food Bank

Analysis

Galveston County Food Bank is a registered charity in United States, based in Texas City, TX. It received its IRS tax-exemption ruling in May 2004, 22 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, Galveston County Food Bank reported income of $19.7m and spending of $19.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.8m to $19.7m (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Galveston County Food Bank sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Community Mainstreaming Associates Inc ($19.6m), Friendship Manor Inc ($19.7m) and SBH Community Service Network Inc ($19.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $7.4m against liabilities of $93k, net assets of $7.3m. It reported 35 employees.