Concern for Neighbors Food Bank

Analysis

Concern for Neighbors Food Bank is a registered charity in United States, based in Mountlake Ter, WA. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2023, Concern for Neighbors Food Bank reported income of $1.0m and spending of $993k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $943k to $1.0m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Concern for Neighbors Food Bank sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Little Sunshine House ($1.0m), Waterville Area YMCA ($1.0m) and Hmong Youth and Parents United ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (3.0% of expenses). At year end it held assets of $602k against liabilities of $0, net assets of $602k.