Ocean Park Food Bank

Analysis

Ocean Park Food Bank is a registered charity in United States, based in Ocean Park, WA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocean Park Food Bank reported income of $220k and spending of $133k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $220k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocean Park Food Bank sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Kings and Queens International ($220k), Family Promise of Cobb County ($220k) and Financial Education Associates Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $479k against liabilities of $175k, net assets of $304k.