Georgia Mountain Food Bank Inc

Analysis

Georgia Mountain Food Bank Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in November 2008, 18 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, Georgia Mountain Food Bank Inc reported income of $9.7m and spending of $9.0m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.7m to $9.7m (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Georgia Mountain Food Bank Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include United Way of Westchester and Putnam Inc ($9.7m), Community and Senior Services of Johnston County Inc ($9.7m) and Exodus Refugee Immigration Inc ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $130k (1.4% of expenses). Other salaries and wages came to $773k. It paid $237k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $398k, net assets of $4.3m. It reported 17 employees.