Freestore-Foodbank Foundation

Analysis

Freestore-Foodbank Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Freestore-Foodbank Foundation reported income of $7.8m and spending of $1.3m, leaving 83% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $7.8m (+393%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 445%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freestore-Foodbank Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Pine Rest Foundation ($7.8m), Arlington-Mansfield Area Young Mens Christian Association ($7.8m) and Presbyterian Child Welfare Agency of Buckhorn Kentucky Inc ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $29.2m against liabilities of $18k, net assets of $29.2m.