Denton Community Food Center Inc

Analysis

Denton Community Food Center Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in February 1984, 42 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, Denton Community Food Center Inc reported income of $441k and spending of $438k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $441k (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 571%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Denton Community Food Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include White County Council on Aging ($441k), Valley Dream Center Inc ($441k) and Copley Society of Art ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.