McLeod Emergency Food Shelf

Analysis

McLeod Emergency Food Shelf is a registered charity in United States, based in Glencoe, MN. It received its IRS tax-exemption ruling in May 1984, 42 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, McLeod Emergency Food Shelf reported income of $1.0m and spending of $962k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $705k to $1.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McLeod Emergency Food Shelf sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Mid-States Minority Supplier Development Council ($1.0m), Anchorage Inc ($1.0m) and Visiting Nurse Association and Home Health Maintenance Organization ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $55k (5.7% of expenses). Other salaries and wages came to $79k. At year end it held assets of $1.1m against liabilities of $82k, net assets of $1.1m. It reported 8 employees.