Two Harbors Area Food Shelf

Analysis

Two Harbors Area Food Shelf is a registered charity in United States, based in Two Harbors, MN. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Two Harbors Area Food Shelf reported income of $286k and spending of $248k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $286k (+105%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Two Harbors Area Food Shelf sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Pompton Lakes Partnership Management Corporation ($286k), Junior League of Evanston-North Shore Inc ($286k) and Junior League of Charleston Inc ($286k).

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 $70k (28% of expenses). At year end it held assets of $298k against liabilities of $0, net assets of $298k. It reported 1 employees.