Gila Community Food Bank

Analysis

Gila Community Food Bank is a registered charity in United States, based in Globe, AZ. It received its IRS tax-exemption ruling in June 1980, 46 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 December 2023, Gila Community Food Bank reported income of $84k and spending of $71k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $84k (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gila Community Food Bank sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within AZ. Charities of a similar size with the same main cause include Friends of Somerset County Youth Inc ($84k), St Joseph Evangelization Network St Joseph Radio Inc ($84k) and Virginia Congress of Parents and Teachers ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $23k (32% of expenses). At year end it held assets of $312k against liabilities of $554, net assets of $311k. It reported 2 employees.