Food Bank of Nevada County Inc

Analysis

Food Bank of Nevada County Inc is a registered charity in United States, based in Grass Valley, CA. It received its IRS tax-exemption ruling in July 1986, 40 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 September 2023, Food Bank of Nevada County Inc reported income of $1.2m and spending of $1.0m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $516k to $1.2m (+136%), an average of +24% a year. The sharpest change came in the year to September 2020, when income rose by 95%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Nevada 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 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Pause for Parents Play for Kids Inc ($1.2m), Ashland County Agricultural Society Inc ($1.2m) and Dover Child Care Center ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $91k (8.7% of expenses). Other salaries and wages came to $254k. At year end it held assets of $3.2m against liabilities of $302k, net assets of $2.9m. It reported 10 employees.