St Croix Valley Foodbank Inc

Analysis

St Croix Valley Foodbank Inc is a registered charity in United States, based in Hudson, WI. It received its IRS tax-exemption ruling in March 2021, 5 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 September 2023, St Croix Valley Foodbank Inc reported income of $9.4m and spending of $7.2m, leaving 24% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $2.6m to $9.4m (+266%), an average of +91% a year. The sharpest change came in the year to September 2022, when income rose by 170%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Croix Valley Foodbank Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Presbyterian Senior Services ($9.4m), Water 4 Inc ($9.4m) and Community Living & Learning Inc ($9.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $109k (1.5% of expenses). Other salaries and wages came to $429k. At year end it held assets of $3.4m against liabilities of $615k, net assets of $2.8m. It reported 14 employees.