Food Bank of Lower Fairfield County Inc

Analysis

Food Bank of Lower Fairfield County Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in October 2003, 23 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 2024, Food Bank of Lower Fairfield County Inc reported income of $3.5m and spending of $2.7m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.1m to $3.5m (+11%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Lower Fairfield County Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Master Cares Foundation Inc ($3.5m), North Carolina African Services Coalition Inc ($3.5m) and DN Associates Residential Care ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $105k (3.9% of expenses). Other salaries and wages came to $447k. At year end it held assets of $9.2m against liabilities of $72k, net assets of $9.1m. It reported 16 employees.