Renewal Food Bank

Analysis

Renewal Food Bank is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover human services, 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 December 2023, Renewal Food Bank reported income of $934k and spending of $1.1m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $495k to $934k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 43%. 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, Renewal Food Bank sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Gleaning Network of Texas ($934k), Living with Hope ($934k) and North Carolina Association of County Directors of Social SVC Inc ($934k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $187k. At year end it held assets of $433k against liabilities of $8,343, net assets of $425k.