Marysville Community Food Bank

Analysis

Marysville Community Food Bank is a registered charity in United States, based in Marysville, WA. It received its IRS tax-exemption ruling in December 1987, 39 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, Marysville Community Food Bank reported income of $4.0m and spending of $4.1m, spending 102% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $2.4m to $4.0m (+69%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marysville Community Food Bank sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Climate Solutions ($4.0m), Special Olympics Oregon Inc ($4.0m) and Communities in Schools of Kalamazoo ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (2.3% of expenses). Other salaries and wages came to $128k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m. It reported 5 employees.