Cashmere Food Bank

Analysis

Cashmere Food Bank is a registered charity in United States, based in Cashmere, WA. It received its IRS tax-exemption ruling in October 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, Cashmere Food Bank reported income of $232k and spending of $222k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $232k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cashmere Food Bank sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Hospice Ministries Inc ($232k), Castaways Thrift Co ($232k) and Chicago Chinatown Community Foundation ($232k).

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 $200k against liabilities of $1,378, net assets of $199k.