Rainier Valley Food Bank

Analysis

Rainier Valley Food Bank is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Rainier Valley Food Bank reported income of $6.1m and spending of $4.0m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $6.1m (+100%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainier Valley Food Bank sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Bread of the Mighty Food Bank Inc ($6.1m), Correctional Peace Officers Foundation Inc ($6.1m) and Legal Services of North West Jersey ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $133k (3.3% of expenses). Other salaries and wages came to $948k. It paid $47k in professional fundraising fees. At year end it held assets of $11.4m against liabilities of $205k, net assets of $11.2m. It reported 24 employees.