Snohomish Community Food Bank

Analysis

Snohomish Community Food Bank is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in May 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, Snohomish Community Food Bank reported income of $2.2m and spending of $2.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.2m (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Snohomish Community 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 J Wood Platt Caddie Scholarship Trust ($2.2m), Womensafe Inc ($2.2m) and Chandler Compadres Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $95k. At year end it held assets of $1.6m against liabilities of $17k, net assets of $1.6m. It reported 3 employees.