Loon Lake Food Bank and Resource Center

Analysis

Loon Lake Food Bank and Resource Center is a registered charity in United States, based in Loon Lake, 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 June 2024, Loon Lake Food Bank and Resource Center reported income of $151k and spending of $143k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $114k to $151k (+32%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loon Lake Food Bank and Resource Center sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include McMinnville Youth Soccer Assn ($151k), Pinetop Lakeside Senior Citizens ($151k) and Bronx County Bar Endowment Inc ($151k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $288k against liabilities of $62k, net assets of $226k.