Hood Canal Food Bank

Analysis

Hood Canal Food Bank is a registered charity in United States, based in Hoodsport, WA. It received its IRS tax-exemption ruling in December 1989, 37 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, Hood Canal Food Bank reported income of $81k and spending of $117k, spending 145% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $246k to $81k (-67%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hood Canal Food Bank sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include Waccamaw Housing Inc ($81k), Caritas Incorporated ($81k) and American Home Finding Endowment Fund for Children ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.