The Des Moines Area Food Bank

Analysis

The Des Moines Area Food Bank is a registered charity in United States, based in Des Moines, WA. It received its IRS tax-exemption ruling in June 1984, 42 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, The Des Moines Area Food Bank reported income of $3.5m and spending of $3.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.5m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Des Moines Area Food Bank sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Millennial Action Project Dba Future Caucus ($3.5m), United Methodist Open Door Inc ($3.5m) and American Heritage Apartments Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $181k (5.2% of expenses). Other salaries and wages came to $188k. At year end it held assets of $1.1m against liabilities of $4,352, net assets of $1.1m. It reported 24 employees.