Ocean Shores Food Bank

Analysis

Ocean Shores Food Bank is a registered charity in United States, based in Ocean Shores, WA. It received its IRS tax-exemption ruling in November 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 December 2023, Ocean Shores Food Bank reported income of $569k and spending of $529k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $415k to $569k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 49%. 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, Ocean Shores Food Bank sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Mothers-In-Action Inc ($569k), Millies Youth Services Inc ($569k) and New Sanctuary Empowerment Center Inc ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $960k against liabilities of $0, net assets of $960k.