Norwalk Area Food Bank Inc

Analysis

Norwalk Area Food Bank Inc is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in December 1985, 41 years ago. 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, Norwalk Area Food Bank Inc reported income of $240k and spending of $223k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $256k to $240k (-6.5%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Norwalk Area Food Bank Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Universal Temple of the Arts Inc ($240k), Chester County Suicide Prevention ($240k) and Northwestern Youth Athletic Assoc ($240k).

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 $411k against liabilities of $0, net assets of $411k.