Arvada Community Food Bank Foundation Inc

Analysis

Arvada Community Food Bank Foundation Inc is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Arvada Community Food Bank Foundation Inc reported income of $115k and spending of $153k, spending 132% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $91k to $115k (+27%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arvada Community Food Bank Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within CO. Charities of a similar size with the same main cause include Anahi of Orange County Room & Board Inc ($115k), One True Light Inc ($115k) and Full of Grace Foundation Inc ($115k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $224k against liabilities of $15k, net assets of $209k.