Snoqualmie Valley Food Bank

Analysis

Snoqualmie Valley Food Bank is a registered charity in United States, based in North Bend, WA. It received its IRS tax-exemption ruling in June 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, Snoqualmie Valley Food Bank reported income of $1.5m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 46%. 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, Snoqualmie Valley Food Bank sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Flint Fresh ($1.5m), Roads to Independence ($1.5m) and Heartbeet Lifesharing Corporation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (6.1% of expenses). Other salaries and wages came to $159k. At year end it held assets of $1.6m against liabilities of -$420, net assets of $1.6m. It reported 7 employees.