Ferndale Food Bank

Analysis

Ferndale Food Bank is a registered charity in United States, based in Ferndale, WA. It received its IRS tax-exemption ruling in July 1982, 44 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, Ferndale Food Bank reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 6 years on record, from December 2017 to June 2023, income grew from $156k to $1.6m (+934%), an average of +60% a year. The sharpest change came in the year to June 2022, when income rose by 331%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ferndale Food Bank sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Childrens Law Center of Mass Inc North Shore Childrens Law Project ($1.6m), North Dakota Humanities Council ($1.6m) and Lake Washington College Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $75k. At year end it held assets of $732k against liabilities of $6,262, net assets of $726k. It reported 5 employees.