Food Bank Coalition of San Luis Obispo County

Analysis

Food Bank Coalition of San Luis Obispo County is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in December 1988, 38 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, Food Bank Coalition of San Luis Obispo County reported income of $10.5m and spending of $8.7m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $10.5m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank Coalition of San Luis Obispo County 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 CA. Charities of a similar size with the same main cause include Bronx Family Network Inc ($10.5m), Life Center Incorporated ($10.5m) and Ahold Delhaize USA Family Foundation Inc ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $328k (3.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $14.9m against liabilities of $379k, net assets of $14.5m. It reported 41 employees.