Helping Hands Food Bank of Sedro Woolley

Analysis

Helping Hands Food Bank of Sedro Woolley is a registered charity in United States, based in Sedro Woolley, WA. It received its IRS tax-exemption ruling in July 1986, 40 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, Helping Hands Food Bank of Sedro Woolley reported income of $9.0m and spending of $9.6m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $9.0m (+127%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 107%. 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, Helping Hands Food Bank of Sedro Woolley sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Habitat for Humanity of Durham Inc ($9.0m), King County Directors Association ($9.0m) and Ashwell ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $143k (1.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.4m against liabilities of $69k, net assets of $2.3m. It reported 37 employees.