Orcas Island Food Bank

Analysis

Orcas Island Food Bank is a registered charity in United States, based in Eastsound, WA. It received its IRS tax-exemption ruling in December 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, Orcas Island Food Bank reported income of $2.3m and spending of $1.3m, leaving 43% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.0m to $2.3m (+122%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Orcas Island Food Bank sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Empower Cherokee of Ga Inc ($2.3m), G D L Corporation-Gloria Dei Towers ($2.3m) and Gulf Coast State College Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $90k (7.0% of expenses). Other salaries and wages came to $182k. At year end it held assets of $4.0m against liabilities of $20k, net assets of $3.9m. It reported 8 employees.