Edmonds Food Bank

Analysis

Edmonds Food Bank is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in December 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Edmonds Food Bank reported income of $3.5m and spending of $3.7m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $3.5m (+133%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 114%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Edmonds Food Bank sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Young Mens Christian Assn ($3.5m), Fidelco Guide Dog Foundation Inc ($3.5m) and Living Water Family Services ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $131k (3.5% of expenses). Other salaries and wages came to $407k. It paid $60k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $103k, net assets of $2.1m. It reported 8 employees.