Regional Food Bank of N E Ny Inc

Analysis

Regional Food Bank of N E Ny Inc is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in January 1984, 42 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 December 2023, Regional Food Bank of N E Ny Inc reported income of $104.2m and spending of $91.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.2m to $104.2m (+507%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 185%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Regional Food Bank of N E Ny Inc 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 NY. Charities of a similar size with the same main cause include Wesley Retirement Services Inc ($104.1m), Colorado Coalition for the Homeless ($104.4m) and Samaritas ($104.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $724k (0.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $60.7m against liabilities of $6.4m, net assets of $54.2m. It reported 161 employees.