Faribault County Food Shelf Inc

Analysis

Faribault County Food Shelf Inc is a registered charity in United States, based in Blue Earth, MN. It received its IRS tax-exemption ruling in September 2007, 19 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, Faribault County Food Shelf Inc reported income of $62k and spending of $101k, spending 163% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $62k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 130% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faribault County Food Shelf Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Bridging Hearts ($62k), Summer Safe Inc ($62k) and Spruce Manor Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.