Great Falls Community Food Bank Inc

Analysis

Great Falls Community Food Bank Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in January 1988, 38 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 September 2023, Great Falls Community Food Bank Inc reported income of $1.8m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.8m (+80%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 49%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Falls Community Food Bank 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 85th percentile, and in the 87th percentile within MT. Charities of a similar size with the same main cause include Boy Scouts of America ($1.8m), Southwest 141 Street Housing Development Fund Company Inc ($1.8m) and Boys & Girls Clubs of the Coastal Bend Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $83k (5.3% of expenses). Other salaries and wages came to $179k. At year end it held assets of $3.9m against liabilities of $58k, net assets of $3.8m. It reported 5 employees.