Mitchell County Food Bank Corporation

Analysis

Mitchell County Food Bank Corporation is a registered charity in United States, based in Osage, IA. It received its IRS tax-exemption ruling in September 1985, 41 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 January 2024, Mitchell County Food Bank Corporation reported income of $75k and spending of $109k, spending 145% of what it took in. Across the 3 years on record, from January 2022 to January 2024, income grew from $64k to $75k (+17%), an average of +8.0% a year. The sharpest change came in the year to January 2024, when income rose by 41%. Over the whole period it spent 143% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mitchell County Food Bank Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within IA. Charities of a similar size with the same main cause include Southwest Wings Inc ($75k), Gallitzin Fire Company No 1 ($75k) and Friends of Tanzania-Marafiki Wa Tanzania ($75k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.