Harrison Food Bank

Analysis

Harrison Food Bank is a registered charity in United States, based in Harrison, ME. It received its IRS tax-exemption ruling in May 2017, 9 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, Harrison Food Bank reported income of $1.1m and spending of $185k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $1.1m (+252%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 351%. Over the whole period it spent 25% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harrison Food Bank sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Opportunity Knocks ($1.1m), Tri-County Help Center Inc ($1.1m) and Greater Derry Extended Day Program ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.8m against liabilities of $2,616, net assets of $1.8m. It reported 2 employees.