Is Bath Area Food Bank Legit?

Quick charity verification for Bath Area Food Bank (EIN: 10437478)

Verdict: Bath Area Food Bank appears trustworthy

95/100Mission Score
$290KRevenue
$974KAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Bath Area Food Bank demonstrates strong financial health and a clear commitment to its program services. Over the past five years, the organization has consistently maintained a healthy surplus, with revenues generally exceeding expenses. For instance, in 2023, revenue was $219,622 against expenses of $208,763, indicating efficient management. The organization's assets have also shown significant growth, from $407,635 in 2019 to $974,097 currently, suggesting prudent financial stewardship and capacity building. The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership, which contributes to high spending efficiency and transparency regarding how donations are utilized. The food bank's spending efficiency is excellent, as evidenced by its minimal administrative and fundraising costs. With no reported officer compensation, a significant portion of its expenses is directed towards its core mission of providing food assistance. This operational model maximizes the impact of every dollar donated. The organization's transparency is high, given its consistent filing of IRS Form 990s and the clear financial picture presented, showing a strong focus on program delivery and minimal overhead.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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