Maltby Food Bank

Analysis

Maltby Food Bank is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover human services, 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, Maltby Food Bank reported income of $846k and spending of $749k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $354k to $846k (+139%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 182%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maltby Food Bank sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Jackson Area Manufacturers Association ($846k), Mennonite Central Committee Thrift Store Inc ($846k) and Lukes Place ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $48k (6.4% of expenses). At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m. It reported 2 employees.