Arvada Community Food Bank Inc

Analysis

Arvada Community Food Bank Inc is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in February 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 (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, Arvada Community Food Bank Inc reported income of $3.9m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.9m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arvada Community 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 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Peppers Ranch Inc ($3.9m), Disability Rights Tennessee ($3.9m) and Tearfund USA Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $644k. At year end it held assets of $4.5m against liabilities of $40k, net assets of $4.4m. It reported 10 employees.