Jacobs & Cushman San Diego Food Bank

Analysis

Jacobs & Cushman San Diego Food Bank is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 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, Jacobs & Cushman San Diego Food Bank reported income of $97.8m and spending of $93.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $52.7m to $97.8m (+86%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jacobs & Cushman San Diego Food Bank sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Resource Center for Independent Living Inc ($97.8m), Redlands Christian Migrant Association Inc ($98.2m) and Hasc Center Inc ($97.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $404k (0.4% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $84.9m against liabilities of $4.4m, net assets of $80.5m. It reported 112 employees.