Treasure Coast Food Bank Incorporated

Analysis

Treasure Coast Food Bank Incorporated is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in January 1990, 36 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 June 2024, Treasure Coast Food Bank Incorporated reported income of $58.4m and spending of $56.0m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $35.2m to $58.4m (+66%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Treasure Coast Food Bank Incorporated sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Parsons Child & Family Center ($58.4m), Buckeye Ranch ($58.4m) and Friends of Crown Heights Educational Centers Inc ($58.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $199k (0.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $20.2m against liabilities of $3.7m, net assets of $16.5m. It reported 90 employees.