Community Food Bank Inc

Analysis

Community Food Bank Inc is a registered charity in United States, based in Jasper, IN. It received its IRS tax-exemption ruling in September 1999, 27 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, Community Food Bank Inc reported income of $192k and spending of $145k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $158k to $192k (+21%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Food Bank Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Heaven on Earth Now Inc ($192k), Sanon International Family Group Inc ($192k) and Sparkle Foundation Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $11k (7.9% of expenses). At year end it held assets of $600k against liabilities of $1,008, net assets of $599k. It reported 1 employees.