The Global Foodbanking Network

Analysis

The Global Foodbanking Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Global Foodbanking Network reported income of $14.4m and spending of $17.6m, spending 122% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $22.0m to $14.4m (-34%), an average of -10% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Global Foodbanking Network sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Center for New American Security Inc ($14.4m), Worldwide Friends Foundation ($14.4m) and Children of Armenia Fund Inc ($14.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $1.5m (8.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $14.3m against liabilities of $1.4m, net assets of $12.9m. It reported 44 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.