Mid-Ohio Foodbank

Analysis

Mid-Ohio Foodbank is a registered charity in United States, based in Grove City, OH. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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, Mid-Ohio Foodbank reported income of $121.8m and spending of $124.8m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $124.4m to $121.8m (-2.1%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Ohio Foodbank 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 OH. Charities of a similar size with the same main cause include Memorial Health Partners Foundation Inc ($121.6m), Marymount University ($121.8m) and Nursing Sisters Home Care ($121.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $1.7m (1.4% of expenses). Other salaries and wages came to $10.0m. It paid $1.2m in professional fundraising fees. At year end it held assets of $64.2m against liabilities of $6.4m, net assets of $57.8m. It reported 213 employees.