Leesburg Food Bank Inc

Analysis

Leesburg Food Bank Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in February 1986, 40 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 August 2023, Leesburg Food Bank Inc reported income of $203k and spending of $189k, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $202k to $203k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to August 2020, when income rose by 44%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leesburg Food Bank Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Community Care-Prayer Outreach ($203k), North Country Life Flight Inc ($203k) and Little League Baseball Inc ($203k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.