St Marys Food Bank Alliance

Analysis

St Marys Food Bank Alliance is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1974, 52 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, St Marys Food Bank Alliance reported income of $231.6m and spending of $220.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $171.9m to $231.6m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Marys Food Bank Alliance 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 100th percentile, and in the 99th percentile within AZ. Charities of a similar size with the same main cause include The New York Foundling ($230.3m), Atlanta Community Food Bank Inc ($232.3m) and Vinfen Corporation ($229.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $1.0m (0.5% of expenses). Other salaries and wages came to $13.6m. It paid $2.2m in professional fundraising fees. At year end it held assets of $64.9m against liabilities of $3.8m, net assets of $61.1m. It reported 293 employees.