Titusville Area Food Bank

Analysis

Titusville Area Food Bank is a registered charity in United States, based in Titusville, PA. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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, Titusville Area Food Bank reported income of $53k and spending of $65k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $58k to $53k (-8.4%), an average of -8.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Titusville Area Food Bank sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within PA. Charities of a similar size with the same main cause include PTA Georgia Congress ($53k), Vail Preservation Society ($53k) and Henry E and Nancy Horton Bartels Trust for the Benefit of Public ($53k).

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 $87k against liabilities of $0, net assets of $87k.