Hays County Food Bank

Analysis

Hays County Food Bank is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in November 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, Hays County Food Bank reported income of $3.7m and spending of $3.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hays County Food Bank sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include New Day Enterprises ($3.7m), Aurora School Inc ($3.7m) and Young Mens Christian Association Naugatuck ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $80k (2.3% of expenses). Other salaries and wages came to $241k. At year end it held assets of $3.1m against liabilities of $12k, net assets of $3.1m. It reported 14 employees.