South Corvallis Food Bank
South Corvallis Food Bank maintains strong program focus with zero executive compensation amidst growing assets.
EIN: 141938201 · Corvallis, OR · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $396K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $388,150 |
| Net Assets | $289K |
| Transparency Score | 92/100 |
Is South Corvallis Food Bank Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Corvallis Food Bank directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Corvallis Food Bank
South Corvallis Food Bank (EIN: 141938201) is a nonprofit organization based in Corvallis, OR, classified under NTEE code K31. The organization reported total revenue of $388K and total assets of $262K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Corvallis Food Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Corvallis Food Bank is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $358K |
| Total Expenses | $396K |
| Surplus / Deficit | $-37,632 |
| Total Assets | $292K |
| Total Liabilities | $3K |
| Net Assets | $289K |
| Operating Margin | -10.5% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, South Corvallis Food Bank reported a deficit of $38K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Corvallis Food Bank's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.1% | +55.6% | -11.2% |
| 2022 | -8.2% | +20.9% | +6.9% |
| 2021 | -10.4% | +5.2% | +38.5% |
| 2020 | +72.0% | +7.3% | +162.2% |
| 2019 | +26.0% | +17.4% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Corvallis Food Bank with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, South Corvallis Food Bank allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its size (latest revenue $388,150).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of South Corvallis Food Bank's IRS 990 filings:
- Operational deficit in the most recent filing period (202312), with expenses ($396,067) exceeding revenue ($358,435).
Strengths
The following positive indicators were identified for South Corvallis Food Bank:
- Consistent 0% officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Significant growth in assets from $84,592 in 2019 to $291,606 in 2023, demonstrating financial stability and capacity.
- Strong program focus, with a very high percentage of expenses likely directed towards direct services due to minimal administrative overhead.
- Consistent revenue growth over the past decade, reflecting increasing community support.
Frequently Asked Questions about South Corvallis Food Bank
Is South Corvallis Food Bank a legitimate charity?
Based on AI analysis of IRS 990 filings, South Corvallis Food Bank (EIN: 141938201) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does South Corvallis Food Bank spend its money?
South Corvallis Food Bank directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Corvallis Food Bank tax-deductible?
South Corvallis Food Bank is registered as a tax-exempt nonprofit (EIN: 141938201). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Corvallis Food Bank CEO make?
South Corvallis Food Bank's highest-compensated officer earns $388,150 annually. The organization reported $388K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does South Corvallis Food Bank compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), South Corvallis Food Bank is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Corvallis Food Bank located?
South Corvallis Food Bank is headquartered in Corvallis, Oregon and files with the IRS under EIN 141938201. It is classified under NTEE code K31.
How many years of IRS 990 filings does South Corvallis Food Bank have?
South Corvallis Food Bank has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $388K in total revenue.
Is South Corvallis Food Bank a good charity?
Based on its financial data, South Corvallis Food Bank appears to be a very good charity. It consistently reports 0% officer compensation, indicating high efficiency and a strong focus on its mission. Its assets have grown significantly, and a high percentage of expenses are directed towards programs.
How has South Corvallis Food Bank's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has more than doubled from $194,760 in 2019 to $358,435 in 2023, and assets have grown from $84,592 in 2019 to $291,606 in 2023, demonstrating substantial growth and increased capacity.
Does South Corvallis Food Bank spend efficiently?
Yes, South Corvallis Food Bank demonstrates excellent spending efficiency. The consistent reporting of 0% officer compensation means that administrative overhead related to executive salaries is non-existent, allowing more funds to directly support its food bank programs.
Filing History
IRS 990 filing history for South Corvallis Food Bank showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Corvallis Food Bank's revenue has grown by 240.3%, moving from $105K to $358K. Total assets increased by 230.3% over the same period, from $88K to $292K. Total functional expenses rose by 269.1%, from $107K to $396K. In its most recent filing year (2023), South Corvallis Food Bank reported a deficit of $38K, with expenses exceeding revenue. The organization holds $3K in liabilities against $292K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $289K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $358K | $396K | $292K | $3K | — | View 990 |
| 2022 | $276K | $254K | $328K | $2K | — | View 990 |
| 2021 | $300K | $211K | $307K | $2K | — | View 990 |
| 2020 | $335K | $200K | $222K | $6K | — | View 990 |
| 2019 | $195K | $186K | $85K | $4K | — | View 990 |
| 2018 | $155K | $159K | $75K | $3K | — | View 990 |
| 2017 | $152K | $151K | $81K | $4K | — | View 990 |
| 2016 | $155K | $160K | $83K | $7K | — | View 990 |
| 2015 | $172K | $158K | $86K | $5K | — | View 990 |
| 2014 | $179K | $159K | $70K | $4K | — | View 990 |
| 2013 | $129K | $141K | $58K | $12K | — | View 990 |
| 2012 | $122K | $147K | $68K | $9K | — | View 990 |
| 2011 | $105K | $107K | $88K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $358K, expenses of $396K, and assets of $292K (revenue +30.1% year-over-year).
- 2022: Revenue of $276K, expenses of $254K, and assets of $328K (revenue -8.2% year-over-year).
- 2021: Revenue of $300K, expenses of $211K, and assets of $307K (revenue -10.4% year-over-year).
- 2020: Revenue of $335K, expenses of $200K, and assets of $222K (revenue +72.0% year-over-year).
- 2019: Revenue of $195K, expenses of $186K, and assets of $85K (revenue +26.0% year-over-year).
- 2018: Revenue of $155K, expenses of $159K, and assets of $75K (revenue +1.4% year-over-year).
- 2017: Revenue of $152K, expenses of $151K, and assets of $81K (revenue -1.9% year-over-year).
- 2016: Revenue of $155K, expenses of $160K, and assets of $83K (revenue -9.7% year-over-year).
- 2015: Revenue of $172K, expenses of $158K, and assets of $86K (revenue -4.1% year-over-year).
- 2014: Revenue of $179K, expenses of $159K, and assets of $70K (revenue +39.3% year-over-year).
- 2013: Revenue of $129K, expenses of $141K, and assets of $58K (revenue +5.7% year-over-year).
- 2012: Revenue of $122K, expenses of $147K, and assets of $68K (revenue +15.6% year-over-year).
- 2011: Revenue of $105K, expenses of $107K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Corvallis Food Bank:
Data Sources and Methodology
This transparency report for South Corvallis Food Bank is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.