Concho Valley Regional Food Bank of Texas Inc

Analysis

Concho Valley Regional Food Bank of Texas Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in August 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, Concho Valley Regional Food Bank of Texas Inc reported income of $4.5m and spending of $4.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $730k to $4.5m (+519%), an average of +58% a year. The sharpest change came in the year to December 2020, when income rose by 210%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concho Valley Regional Food Bank of Texas Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Islamska Zajednica Bosnjaka Sjeverne Amerike ($4.5m), New Bedford Womens Center Inc ($4.5m) and St Andrews Childrens Clinic Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $647k. At year end it held assets of $3.3m against liabilities of $192k, net assets of $3.1m. It reported 21 employees.