Klamath Lake Counties Food Bank

Analysis

Klamath Lake Counties Food Bank is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in January 1985, 41 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 June 2023, Klamath Lake Counties Food Bank reported income of $3.8m and spending of $3.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.8m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Klamath Lake Counties Food Bank sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Oak Hill School ($3.8m), Hillel the Foundation for Jewish Campus Life ($3.8m) and Arnold Center Inc ($3.8m).

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 $84k (2.4% of expenses). Other salaries and wages came to $258k. At year end it held assets of $1.8m against liabilities of $54k, net assets of $1.8m. It reported 14 employees.