Lynnwood Food Bank

Analysis

Lynnwood Food Bank is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in May 2004, 22 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 2023, Lynnwood Food Bank reported income of $6.3m and spending of $6.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $6.3m (+210%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lynnwood Food Bank sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include University District Service League ($6.3m), Imagine Supported Living Services ($6.3m) and Camber Foundation ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (1.0% of expenses). Other salaries and wages came to $78k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.