Bigfork Food Bank Inc

Analysis

Bigfork Food Bank Inc is a registered charity in United States, based in Bigfork, MT. It received its IRS tax-exemption ruling in December 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, Bigfork Food Bank Inc reported income of $545k and spending of $278k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $545k (+141%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bigfork Food Bank Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MT. Charities of a similar size with the same main cause include Center for Family Services ($545k), Mercys Closet Inc ($545k) and Fundacion Mi Gran Sueno ($545k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.6m against liabilities of $3,579, net assets of $1.6m.