Food Bank of Wise County Incorporated

Analysis

Food Bank of Wise County Incorporated is a registered charity in United States, based in Wise, VA. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2024, Food Bank of Wise County Incorporated reported income of $184k and spending of $110k, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $98k to $184k (+89%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 70%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Wise County Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Childrens Center of Transylvania ($184k), Rotary Club of Sedona Charitable Fund Inc ($184k) and Julie Community Center Inc ($184k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $451k against liabilities of $0, net assets of $451k.