Colquitt Food and Clothing Bank Inc

Analysis

Colquitt Food and Clothing Bank Inc is a registered charity in United States, based in Moultrie, GA. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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, Colquitt Food and Clothing Bank Inc reported income of $124k and spending of $90k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $124k (-10%), an average of -10% a year. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colquitt Food and Clothing Bank Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Willamette Valley Hispanic Chamber of Commerce ($124k), Seattle Community College Parent Cooperative Preschool ($124k) and Chester Historical Society Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $581k against liabilities of $0, net assets of $581k.