Community Food Bank of Franklin County

Analysis

Community Food Bank of Franklin County is a registered charity in United States, based in Mount Vernon, TX. It received its IRS tax-exemption ruling in August 2010, 16 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, Community Food Bank of Franklin County reported income of $93k and spending of $67k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $93k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Food Bank of Franklin County sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Denton Child Development Center ($93k), Foundation 1023 ($93k) and Home4me ($93k).

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 $149k against liabilities of $0, net assets of $149k.