Big Lake Community Food Shelf

Analysis

Big Lake Community Food Shelf is a registered charity in United States, based in Big Lake, MN. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover human services, 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, Big Lake Community Food Shelf reported income of $429k and spending of $344k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $429k (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Big Lake Community Food Shelf sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include The Yum-O Organization Inc ($429k), Kids Business Inc ($429k) and Su Casa Columbus Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $42k (12% of expenses). Other salaries and wages came to $56k. At year end it held assets of $1.2m against liabilities of $1,833, net assets of $1.2m. It reported 7 employees.