Carson Valley Community Food Closet Inc

Analysis

Carson Valley Community Food Closet Inc is a registered charity in United States, based in Gardnerville, NV. It received its IRS tax-exemption ruling in January 1997, 29 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, Carson Valley Community Food Closet Inc reported income of $2.3m and spending of $2.2m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.3m (+18%), an average of +4.3% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carson Valley Community Food Closet Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NV. Charities of a similar size with the same main cause include Progressive Community Services ($2.3m), United Way of Midland Inc ($2.3m) and Riverview Childrens Center ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $166k (7.7% of expenses). At year end it held assets of $3.5m against liabilities of $15k, net assets of $3.5m. It reported 4 employees.