Thayne Community Food Bank

Analysis

Thayne Community Food Bank is a registered charity in United States, based in Thayne, WY. It received its IRS tax-exemption ruling in October 2014, 12 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, Thayne Community Food Bank reported income of $64k and spending of $76k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $53k to $64k (+21%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thayne Community Food Bank sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 20th percentile within WY. Charities of a similar size with the same main cause include Homeless Empowerment Project Inc ($64k), New Life Shelter Inc ($64k) and PNR USA Foundation Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.