Thurston County Food Bank
EIN: 237297837 · Olympia, WA · NTEE: K31Z
| Metric | Value |
|---|---|
| Total Revenue | $18.4M |
| Total Expenses | $15.6M |
| Net Assets | $15.9M |
Is Thurston County Food Bank Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thurston County Food Bank
Thurston County Food Bank (EIN: 237297837) is a nonprofit organization based in Olympia, WA, classified under NTEE code K31Z. The organization reported total revenue of $18.4M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thurston County Food Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thurston County Food Bank is a large nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.5M |
| Total Expenses | $15.6M |
| Surplus / Deficit | +$902K |
| Total Assets | $16.3M |
| Total Liabilities | $383K |
| Net Assets | $15.9M |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 12.5 months |
Financial Health Grade: A
In 2023, Thurston County Food Bank reported a surplus of $902K with revenue exceeding expenses, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thurston County Food Bank's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.3% | +34.5% | +6.6% |
| 2022 | -20.7% | -3.0% | -0.7% |
| 2021 | -27.4% | -21.5% | +20.1% |
| 2020 | +100.6% | +69.7% | +65.1% |
| 2019 | +11.1% | +1.2% | +15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thurston County Food Bank has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thurston County Food Bank with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $902K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Frequently Asked Questions about Thurston County Food Bank
Is Thurston County Food Bank a legitimate charity?
Thurston County Food Bank (EIN: 237297837) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $18.4M. No red flags identified. Financial health grade: A.
How does Thurston County Food Bank spend its money?
Thurston County Food Bank reported $18.4M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Thurston County Food Bank tax-deductible?
Thurston County Food Bank is registered as a tax-exempt nonprofit (EIN: 237297837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thurston County Food Bank located?
Thurston County Food Bank is headquartered in Olympia, Washington and files with the IRS under EIN 237297837. It is classified under NTEE code K31Z.
How many years of IRS 990 filings does Thurston County Food Bank have?
Thurston County 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 $18.4M in total revenue.
Filing History
IRS 990 filing history for Thurston County Food Bank showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thurston County Food Bank's revenue has grown by 262.9%, moving from $4.6M to $16.5M. Total assets increased by 299.6% over the same period, from $4.1M to $16.3M. Total functional expenses rose by 244%, from $4.5M to $15.6M. In its most recent filing year (2023), Thurston County Food Bank reported a surplus of $902K, with revenue exceeding expenses. The organization holds $383K in liabilities against $16.3M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $15.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.5M | $15.6M | $16.3M | $383K | — | — |
| 2022 | $11.6M | $11.6M | $15.3M | $378K | — | View 990 |
| 2021 | $14.6M | $12.0M | $15.4M | $289K | — | View 990 |
| 2020 | $20.2M | $15.3M | $12.8M | $373K | — | — |
| 2019 | $10.0M | $9.0M | $7.8M | $217K | — | View 990 |
| 2018 | $9.0M | $8.9M | $6.7M | $212K | — | View 990 |
| 2017 | $7.6M | $7.3M | $7.5M | $1.2M | — | View 990 |
| 2016 | $7.5M | $6.9M | $6.7M | $680K | — | View 990 |
| 2015 | $6.3M | $6.1M | $6.4M | $996K | — | View 990 |
| 2014 | $7.2M | $6.1M | $6.3M | $989K | — | View 990 |
| 2013 | $5.4M | $5.3M | $5.8M | $1.6M | — | View 990 |
| 2012 | $4.9M | $4.7M | $5.8M | $1.7M | — | View 990 |
| 2011 | $4.6M | $4.5M | $4.1M | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.5M, expenses of $15.6M, and assets of $16.3M (revenue +42.3% year-over-year).
- 2022: Revenue of $11.6M, expenses of $11.6M, and assets of $15.3M (revenue -20.7% year-over-year).
- 2021: Revenue of $14.6M, expenses of $12.0M, and assets of $15.4M (revenue -27.4% year-over-year).
- 2020: Revenue of $20.2M, expenses of $15.3M, and assets of $12.8M (revenue +100.6% year-over-year).
- 2019: Revenue of $10.0M, expenses of $9.0M, and assets of $7.8M (revenue +11.1% year-over-year).
- 2018: Revenue of $9.0M, expenses of $8.9M, and assets of $6.7M (revenue +18.3% year-over-year).
- 2017: Revenue of $7.6M, expenses of $7.3M, and assets of $7.5M (revenue +2.3% year-over-year).
- 2016: Revenue of $7.5M, expenses of $6.9M, and assets of $6.7M (revenue +19.6% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.1M, and assets of $6.4M (revenue -12.8% year-over-year).
- 2014: Revenue of $7.2M, expenses of $6.1M, and assets of $6.3M (revenue +31.6% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.3M, and assets of $5.8M (revenue +12.2% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.7M, and assets of $5.8M (revenue +6.7% year-over-year).
- 2011: Revenue of $4.6M, expenses of $4.5M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thurston County Food Bank:
Data Sources and Methodology
This transparency report for Thurston County 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.