Henrico Community Food Bank

Analysis

Henrico Community Food Bank is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 December 2023, Henrico Community Food Bank reported income of $309k and spending of $252k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $304k to $309k (+1.8%), an average of +1.8% a year. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henrico Community Food Bank sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Nami-Northern Illinois ($309k), Eagleville Hospital Workers Compensation Trust ($309k) and Fentress County Senior Citizens Center ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (24% of expenses). Other salaries and wages came to $68k. At year end it held assets of $219k against liabilities of $0, net assets of $219k. It reported 7 employees.