Macomb County Veterans Food Bank

Analysis

Macomb County Veterans Food Bank is a registered charity in United States, based in Clinton TWP, MI. It received its IRS tax-exemption ruling in December 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Macomb County Veterans Food Bank reported income of $359k and spending of $339k, spending 94% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $305k to $359k (+18%), an average of +4.2% a year. The sharpest change came in the year to February 2024, when income rose by 84%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Macomb County Veterans Food Bank sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Heart of Portillos Foundation Inc ($359k), Third Ward Community Fund Management Corporation ($359k) and Domestic Violence Intervention Inc ($359k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.