Issaquah Food & Clothing Bank

Analysis

Issaquah Food & Clothing Bank is a registered charity in United States, based in Issaquah, WA. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Issaquah Food & Clothing Bank reported income of $4.6m and spending of $4.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.6m (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Issaquah Food & Clothing Bank sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Revive Ministries Inc ($4.6m), Central Virginia Alliance for Community Living Inc ($4.6m) and Garden Pathways Inc ($4.6m).

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 $162k (3.7% of expenses). Other salaries and wages came to $756k. It paid $10k in professional fundraising fees. At year end it held assets of $5.7m against liabilities of $228k, net assets of $5.5m. It reported 15 employees.