Iowa Food Bank Association

Analysis

Iowa Food Bank Association is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in January 2011, 15 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, Iowa Food Bank Association reported income of $1.2m and spending of $751k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $326k to $1.2m (+279%), an average of +40% a year. The sharpest change came in the year to June 2021, when income rose by 533%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iowa Food Bank Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Immanuel New York Mission Inc ($1.2m), Independent Living Partnership ($1.2m) and Learning Gate an Association of Child Care Centers Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). At year end it held assets of $812k against liabilities of $106k, net assets of $706k. It reported 1 employees.