Lake Chelan Food Bank

Analysis

Lake Chelan Food Bank is a registered charity in United States, based in Chelan, WA. It received its IRS tax-exemption ruling in January 2015, 11 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, Lake Chelan Food Bank reported income of $162k and spending of $29k, leaving 82% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $274k to $162k (-41%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 42%. Over the whole period it spent 13% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Chelan Food Bank sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within WA. Charities of a similar size with the same main cause include Global Cities Group ($162k), Native Solutions Family Guidance Center ($162k) and Duck River Apartments Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $890k against liabilities of $0, net assets of $890k.