Wabasha Area Food Share Inc

Analysis

Wabasha Area Food Share Inc is a registered charity in United States, based in Wabasha, MN. It received its IRS tax-exemption ruling in July 1987, 39 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, Wabasha Area Food Share Inc reported income of $137k and spending of $109k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $60k to $137k (+128%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 293%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wabasha Area Food Share Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Michigan Guardianship Association ($137k), Chuck Girard Ministries ($137k) and PTA Alabama Congress ($137k).

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 $248k against liabilities of $0, net assets of $248k.