Terre Haute Catholic Charities Foodbank Inc

Analysis

Terre Haute Catholic Charities Foodbank Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2023, Terre Haute Catholic Charities Foodbank Inc reported income of $2.2m and spending of $1.9m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $887k to $2.2m (+143%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Terre Haute Catholic Charities Foodbank Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Abilities First Foundation Inc ($2.2m), Root NS Inc ($2.2m) and Trauma Institute & Child Trauma Institute Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Other salaries and wages came to $613k. At year end it held assets of $3.6m against liabilities of $34k, net assets of $3.5m.