Food Bank for Larimer County

Analysis

Food Bank for Larimer County is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in October 1984, 42 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, Food Bank for Larimer County reported income of $26.5m and spending of $26.3m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $26.1m to $26.5m (+1.5%), an average of +0.5% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank for Larimer County 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 Northwest Michigan Community Action Agency Inc ($26.5m), Young Mens Christian Association of Metropolitan Denver ($26.5m) and Resource Exchange Inc ($26.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $196k (0.7% of expenses). Other salaries and wages came to $2.8m. It paid $245k in professional fundraising fees. At year end it held assets of $24.4m against liabilities of $491k, net assets of $23.9m. It reported 66 employees.