The Food Bank of the Golden Crescent

Analysis

The Food Bank of the Golden Crescent is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in September 1989, 37 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 December 2023, The Food Bank of the Golden Crescent reported income of $14.7m and spending of $14.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.6m to $14.7m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Food Bank of the Golden Crescent sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Martha Lloyd Community Residential Facility Inc ($14.7m), YMCA of Rock River Valley ($14.8m) and Jewish Apartments & Services Inc ($14.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $111k (0.8% of expenses). Other salaries and wages came to $1.5m. It paid $159k in professional fundraising fees. At year end it held assets of $12.6m against liabilities of $85k, net assets of $12.5m. It reported 44 employees.