Cherokee County Food Bank Inc

Analysis

Cherokee County Food Bank Inc is a registered charity in United States, based in Andrews, NC. It received its IRS tax-exemption ruling in April 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, Cherokee County Food Bank Inc reported income of $55k and spending of $59k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $55k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cherokee County Food Bank Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Feeding Pascos Elderly Inc ($55k), Niwap Inc ($55k) and Adams Angels ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.