Central Kitsap Food Bank

Analysis

Central Kitsap Food Bank is a registered charity in United States, based in Silverdale, WA. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Central Kitsap Food Bank reported income of $1.9m and spending of $3.0m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Kitsap Food Bank sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include Community Family Day Care Inc ($1.9m), Community Home Environmental Learning Project Inc ($1.9m) and National Scholarship Providers Association ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $70k (2.3% of expenses). Other salaries and wages came to $214k. At year end it held assets of $2.8m against liabilities of $10k, net assets of $2.7m. It reported 10 employees.