Christian Food Bank of Hopkins County Inc

Analysis

Christian Food Bank of Hopkins County Inc is a registered charity in United States, based in Madisonville, KY. It received its IRS tax-exemption ruling in May 1985, 41 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, Christian Food Bank of Hopkins County Inc reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $1.3m (+152%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christian Food Bank of Hopkins County Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include Chabad Jewish Center of Stamford Inc ($1.3m), Jardin de Los Ninos Incorporated ($1.3m) and Girls on the Run Serving Greater Kansas City Missouri ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (3.9% of expenses). At year end it held assets of $828k against liabilities of $1,492, net assets of $826k. It reported 2 employees.