Cannon Falls Food Shelf Inc

Analysis

Cannon Falls Food Shelf Inc is a registered charity in United States, based in Cannon Falls, MN. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover human services, 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, Cannon Falls Food Shelf Inc reported income of $133k and spending of $82k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $133k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cannon Falls Food Shelf Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Good Karma Garage ($133k), Okanogan-Omak Rotary Foundation ($133k) and Bhutanese Community Association of Akron Inc ($133k).

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 $353k against liabilities of $0, net assets of $353k.