Lawton Food Bank Inc

Analysis

Lawton Food Bank Inc is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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, Lawton Food Bank Inc reported income of $3.2m and spending of $3.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.2m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lawton Food Bank Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OK. Charities of a similar size with the same main cause include California Green Business Network ($3.2m), American Academy of Religion Inc ($3.2m) and Columbia United FC ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $224k. At year end it held assets of $2.3m against liabilities of $5,690, net assets of $2.3m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.