Mountaineer Food Bank Inc

Analysis

Mountaineer Food Bank Inc is a registered charity in United States, based in Gassaway, WV. It received its IRS tax-exemption ruling in September 1981, 45 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, Mountaineer Food Bank Inc reported income of $44.5m and spending of $42.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.0m to $44.5m (+78%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mountaineer Food Bank Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within WV. Charities of a similar size with the same main cause include Institute of Community Services Incorporated ($44.5m), Venture Community Services Inc ($44.7m) and Adelphoi Village Inc ($44.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.1% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $27.5m against liabilities of $6.9m, net assets of $20.6m. It reported 73 employees.