Somervell County Food Bank

Analysis

Somervell County Food Bank is a registered charity in United States, based in Glen Rose, TX. It received its IRS tax-exemption ruling in July 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, Somervell County Food Bank reported income of $94k and spending of $103k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $94k (-11%), an average of -11% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somervell County Food Bank 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 United Angels Foundation ($94k), Hugs for Tomorrow Inc ($94k) and Kathryn Heidenreich Adult Center Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $173k against liabilities of $881, net assets of $172k.