Holt Community Food Bank

Analysis

Holt Community Food Bank is a registered charity in United States, based in Holt, MI. It received its IRS tax-exemption ruling in April 2001, 25 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 September 2023, Holt Community Food Bank reported income of $89k and spending of $108k, spending 122% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $78k to $89k (+14%), an average of +14% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holt Community Food Bank sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Community Clothes Closet Inc ($89k), Westborough Chinese Language School Inc ($89k) and Cielo de Amor ($89k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $225k against liabilities of $700, net assets of $224k.