Community Food Bank

Analysis

Community Food Bank is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in July 1980, 46 years ago. 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 May 2023, Community Food Bank reported income of $992k and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $544k to $992k (+82%), an average of +16% a year. The sharpest change came in the year to May 2020, when income rose by 67%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Food Bank sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Visiting Nurse Association of Pottawattamie County Iowa ($992k), Southern Valley Alliance ($992k) and Forest View Volunteer Rescue Squad Inc ($992k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $284k. At year end it held assets of $1.3m against liabilities of $4,486, net assets of $1.3m. It reported 7 employees.