Selma Area Food Bank Inc

Analysis

Selma Area Food Bank Inc is a registered charity in United States, based in Selma, AL. It received its IRS tax-exemption ruling in August 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Selma Area Food Bank Inc reported income of $633k and spending of $536k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $633k (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Selma Area Food Bank Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Warrick Wellness Pathways Inc ($633k), Casa of Kings County Inc ($633k) and Loaves & Fishes ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $51k (9.5% of expenses). Other salaries and wages came to $143k. At year end it held assets of $756k against liabilities of $16k, net assets of $740k. It reported 10 employees.