Tyrone Area Food Bank

Analysis

Tyrone Area Food Bank is a registered charity in United States, based in Tyrone, PA. It received its IRS tax-exemption ruling in June 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tyrone Area Food Bank reported income of $51k and spending of $76k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $51k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 137% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tyrone Area Food Bank sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within PA. Charities of a similar size with the same main cause include Faith Fund ($51k), Welcome House of Modification Examples Inc ($51k) and Global Humanitaria Corp ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.