San Jose Mothers Milk Bank

Analysis

San Jose Mothers Milk Bank is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, San Jose Mothers Milk Bank reported income of $4.6m and spending of $4.8m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.6m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Jose Mothers Milk Bank 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 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Economic Resources Corporation ($4.6m), Eastern Montana Industries ($4.6m) and Christian League for the Handicapped Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $167k (3.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.7m against liabilities of $570k, net assets of $3.1m. It reported 20 employees.