Henderson Food Bank

Analysis

Henderson Food Bank is a registered charity in United States, based in Henderson, TX. It received its IRS tax-exemption ruling in June 2002, 24 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, Henderson Food Bank reported income of $98k and spending of $60k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $98k (+1.2%), an average of +1.2% a year. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Henderson Food Bank sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Most Worshipful King Cyrus Grand Lodge ($98k), Great Allentown Fair Foundation Inc ($98k) and Hannahs Hope Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. At year end it held assets of $110k against liabilities of $1,067, net assets of $109k.