Durango Food Bank

Analysis

Durango Food Bank is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in March 2001, 25 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, Durango Food Bank reported income of $1.8m and spending of $1.3m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $474k to $1.8m (+279%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 242%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Durango Food Bank sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Maine Long Term Care Ombudsman Program ($1.8m), FBC Community Ministries Inc ($1.8m) and Bridgehampton Child Care & Recreational Center Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (5.9% of expenses). Other salaries and wages came to $62k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 4 employees.