Sky Valley Food Bank

Analysis

Sky Valley Food Bank is a registered charity in United States, based in Monroe, WA. It received its IRS tax-exemption ruling in December 1983, 43 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, Sky Valley Food Bank reported income of $2.8m and spending of $1.5m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.8m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sky Valley Food Bank sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Nevada Risk Pooling ($2.8m), Jeanine Schultz School ($2.8m) and Resource Foundation Inc ($2.8m).

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 $86k (5.9% of expenses). Other salaries and wages came to $106k. At year end it held assets of $2.7m against liabilities of $766, net assets of $2.7m. It reported 11 employees.