Twin Lakes Food Bank

Analysis

Twin Lakes Food Bank is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2023, Twin Lakes Food Bank reported income of $2.3m and spending of $2.1m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $939k to $2.3m (+143%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 160%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin Lakes Food Bank sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Friends of Kyoto University North America Branch ($2.3m), The Young Mens Christian Association of East Liverpool Ohio ($2.3m) and Tavern Guild Foundation of San Francisco Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $87k (4.1% of expenses). Other salaries and wages came to $139k. At year end it held assets of $1.9m against liabilities of $49k, net assets of $1.9m. It reported 13 employees.