Wichita Falls Area Food Bank

Analysis

Wichita Falls Area Food Bank is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in May 1982, 44 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, Wichita Falls Area Food Bank reported income of $10.4m and spending of $9.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $10.4m (+54%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wichita Falls Area Food Bank sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Olivet Medical Ministry Inc ($10.4m), Alegria Community Living ($10.4m) and Highland County Community Action Organization ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $81k (0.8% of expenses). It paid $65k in professional fundraising fees. At year end it held assets of $10.5m against liabilities of $146k, net assets of $10.3m. It reported 38 employees.