The Food Bank of Western Massachusetts Inc

Analysis

The Food Bank of Western Massachusetts Inc is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in February 1982, 44 years ago. 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 September 2023, The Food Bank of Western Massachusetts Inc reported income of $32.6m and spending of $26.7m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.3m to $32.6m (+69%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 51%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Food Bank of Western Massachusetts Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Wisconsin Early Childhood Association Inc ($32.6m), St Bernards Healthcare ($32.7m) and Presbyterian Homes and Services ($32.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $478k (1.8% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $56.9m against liabilities of $19.2m, net assets of $37.8m. It reported 71 employees.