Terrebonne Churches United Foodbank Inc

Analysis

Terrebonne Churches United Foodbank Inc is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in July 1989, 37 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 2022, Terrebonne Churches United Foodbank Inc reported income of $765k and spending of $965k, spending 126% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $140k to $765k (+447%), an average of +76% a year. The sharpest change came in the year to December 2020, when income rose by 472%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Terrebonne Churches United Foodbank Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within LA. Charities of a similar size with the same main cause include Women in Safe Home Inc ($765k), Center for Religion and Psychotherapy of Chicago ($765k) and Center for Family and Youth Services Inc ($765k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $58k (6.0% of expenses). Other salaries and wages came to $199k. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.1m. It reported 21 employees.