Vashon Maury Community Food Bank

Analysis

Vashon Maury Community Food Bank is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in October 1992, 34 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, Vashon Maury Community Food Bank reported income of $2.3m and spending of $1.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.3m (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vashon Maury Community Food Bank sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Central New York Ronald McDonald House Charities Inc ($2.3m), Gulf Coast State College Foundation Inc ($2.3m) and Progress Center Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $93k (6.3% of expenses). Other salaries and wages came to $266k. It paid $4,488 in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $116k, net assets of $2.3m. It reported 12 employees.