Bremen Food & Clothing Bank Inc

Analysis

Bremen Food & Clothing Bank Inc is a registered charity in United States, based in Bremen, GA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover human services, 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, Bremen Food & Clothing Bank Inc reported income of $39.4m and spending of $39.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.2m to $39.4m (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bremen Food & Clothing Bank Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include Hemp Legacy Foundation Inc ($39.3m), United Cerebral Palsy of Southern Arizona Inc ($39.4m) and Arc of Washington County Inc ($39.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $58k (0.1% of expenses). Other salaries and wages came to $72k. At year end it held assets of $622k against liabilities of $255k, net assets of $367k.