Merrimack Valley Food Bank Inc

Analysis

Merrimack Valley Food Bank Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in August 1993, 33 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, Merrimack Valley Food Bank Inc reported income of $8.4m and spending of $6.7m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $8.4m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Merrimack Valley Food Bank Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Shepherd Community Inc ($8.4m), Home for the Aged ($8.4m) and YMCA Camp Tecumseh Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $73k (1.1% of expenses). At year end it held assets of $10.2m against liabilities of $3.6m, net assets of $6.7m. It reported 23 employees.