Food Bank Association of New York State

Analysis

Food Bank Association of New York State is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 2006, 20 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 2023, Food Bank Association of New York State reported income of $3.5m and spending of $2.9m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $3.5m (+61%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank Association of New York State 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 87th percentile within NY. Charities of a similar size with the same main cause include Little Bit Foundation ($3.5m), Third Street Alliance for Women and Children ($3.5m) and Hummingbird Child & Adult Nutrition ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (4.3% of expenses). Other salaries and wages came to $489k. At year end it held assets of $2.7m against liabilities of $724k, net assets of $2.0m. It reported 7 employees.