Crescent Food Bank

Analysis

Crescent Food Bank is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in July 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 (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, Crescent Food Bank reported income of $301k and spending of $2.5m, spending 821% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.3m to $301k (-87%), an average of -49% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crescent Food Bank sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Christmas Connection Inc ($301k), All Our Kids Inc ($301k) and Brendan Looney Foundation Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (3.0% of expenses). At year end it held assets of $2.4m against liabilities of $75k, net assets of $2.4m. It reported 5 employees.