Food Bank of South Jersey Inc

Analysis

Food Bank of South Jersey Inc is a registered charity in United States, based in Pennsauken, NJ. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2023, Food Bank of South Jersey Inc reported income of $48.6m and spending of $44.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.5m to $48.6m (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Food Bank of South Jersey Inc sits at the 99th 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 NJ. Charities of a similar size with the same main cause include Navajo Technical College ($48.5m), Taco Bell Foundation Inc ($48.7m) and Milken Community School ($48.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $23.9m against liabilities of $3.5m, net assets of $20.5m. It reported 105 employees.