Good Sheperd Food Bank

Analysis

Good Sheperd Food Bank is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in September 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Good Sheperd Food Bank reported income of $99.7m and spending of $102.4m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $69.6m to $99.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Sheperd 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 ME. Charities of a similar size with the same main cause include Oak Crest Village Inc ($99.6m), Isabella Geriatric Center Inc ($99.9m) and Catholic Charities of the Archdiocese of Galveston-Houston ($99.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $222k (0.2% of expenses). Other salaries and wages came to $7.2m. It paid $1.1m in professional fundraising fees. At year end it held assets of $48.2m against liabilities of $2.9m, net assets of $45.3m. It reported 131 employees.