Village Food Bank Foundation Inc

Analysis

Village Food Bank Foundation Inc is a registered charity in United States, based in Adelphi, MD. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, 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, Village Food Bank Foundation Inc reported income of $51k and spending of $49k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $51k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 129% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Village Food Bank Foundation Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within MD. Charities of a similar size with the same main cause include Living Success Inc ($51k), One Change at a Time ($51k) and The Bread and Gospel of Eastern America Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $172k against liabilities of $150k, net assets of $22k.