Food Finders Food Bank Inc

Analysis

Food Finders Food Bank Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in December 1981, 45 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 September 2023, Food Finders Food Bank Inc reported income of $18.9m and spending of $18.2m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.1m to $18.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2020, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Finders Food Bank Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Cottage Grove Place ($18.9m), Prospectus Associates Inc ($18.9m) and Coastal Georgia Area Community Action Authority Inc ($18.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $144k (0.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $12.2m against liabilities of $346k, net assets of $11.8m. It reported 45 employees.