Altoona Food Bank Inc

Analysis

Altoona Food Bank Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in January 1991, 35 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, Altoona Food Bank Inc reported income of $55k and spending of $64k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k 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 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Altoona Food Bank 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 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Special People of Fayette County Inc ($55k), Colorado Baptist General Convention ($55k) and PTA California Congress of Parents Teachers & Students Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.