Thurston County Food Bank

Analysis

Thurston County Food Bank is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in April 1972, 54 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, Thurston County Food Bank reported income of $16.5m and spending of $15.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.0m to $16.5m (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thurston County Food Bank sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WA. Charities of a similar size with the same main cause include Shadowfax Corporation ($16.5m), Futures First Inc ($16.5m) and Sarah a Reed Retirement Center ($16.5m).

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 $154k (1.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $16.3m against liabilities of $383k, net assets of $15.9m. It reported 45 employees.