Montgomery County Food Bank Inc

Analysis

Montgomery County Food Bank Inc is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in October 1985, 41 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 June 2023, Montgomery County Food Bank Inc reported income of $35.0m and spending of $34.9m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $32.6m to $35.0m (+7.4%), an average of +2.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery County Food Bank Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Riseboro Homecare Inc ($35.0m), The Whole Person Inc ($35.0m) and R a I N Home Attendant Services Inc ($35.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $268k (0.8% of expenses). Other salaries and wages came to $1.8m. It paid $252k in professional fundraising fees. At year end it held assets of $14.2m against liabilities of $863k, net assets of $13.3m. It reported 46 employees.