Weld Food Bank

Analysis

Weld Food Bank is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in May 1983, 43 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 June 2024, Weld Food Bank reported income of $25.6m and spending of $25.9m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $22.9m to $25.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Weld Food Bank sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Hospice of the Good Shepherd Inc ($25.6m), Center for Transforming Lives ($25.6m) and Lutheran Homes of Oconomowoc Inc ($25.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $148k (0.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $11.4m against liabilities of $266k, net assets of $11.2m. It reported 42 employees.