Chesterfield Food Bank

Analysis

Chesterfield Food Bank is a registered charity in United States, based in Chester, VA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chesterfield Food Bank reported income of $7.6m and spending of $7.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $7.6m (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 176%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chesterfield Food Bank sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include New Reformation Publications ($7.6m), Padre Pio Foundation of America Inc ($7.6m) and Loudoun Hunger Relief ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $584k. At year end it held assets of $5.0m against liabilities of $2.0m, net assets of $3.0m. It reported 24 employees.