Rancho Cordova Food Locker

Analysis

Rancho Cordova Food Locker is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Rancho Cordova Food Locker reported income of $5.3m and spending of $3.0m, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $727k to $5.3m (+624%), an average of +94% a year. The sharpest change came in the year to June 2021, when income rose by 193%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rancho Cordova Food Locker 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 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Norman Howard School Inc ($5.3m), Housing Corporation of America ($5.3m) and Young at Heart Resources ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $120k (4.0% of expenses). Other salaries and wages came to $165k. At year end it held assets of $3.0m against liabilities of $56k, net assets of $3.0m. It reported 8 employees.