Maui Food Bank Inc

Analysis

Maui Food Bank Inc is a registered charity in United States, based in Wailuku, HI. It received its IRS tax-exemption ruling in July 1995, 31 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, Maui Food Bank Inc reported income of $9.5m and spending of $8.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $9.5m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maui Food Bank Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within HI. Charities of a similar size with the same main cause include Jackson Y-Center Inc ($9.5m), Far Southeast Family Strengthening Collaborative ($9.5m) and Jewish Community Center ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $200k (2.3% of expenses). Other salaries and wages came to $743k. At year end it held assets of $11.2m against liabilities of $343k, net assets of $10.8m. It reported 14 employees.