Food Bank of Sweetwater County

Analysis

Food Bank of Sweetwater County is a registered charity in United States, based in Rock Springs, WY. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2024, Food Bank of Sweetwater County reported income of $201k and spending of $254k, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $311k to $201k (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 49%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Sweetwater County sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within WY. Charities of a similar size with the same main cause include Miaseen Inc ($201k), Campaign for Children and Families ($201k) and Light House Cafe Ministries of the ($201k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (28% of expenses). Other salaries and wages came to $97k. At year end it held assets of $130k against liabilities of $11k, net assets of $119k. It reported 7 employees.