Greater Cleveland Food Bank Inc

Analysis

Greater Cleveland Food Bank Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 1980, 46 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, Greater Cleveland Food Bank Inc reported income of $81.9m and spending of $88.0m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $91.9m to $81.9m (-11%), an average of -2.8% a year. The sharpest change came in the year to September 2021, when income rose by 49%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Cleveland Food Bank Inc sits at the 99th 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 Community Access Unlimited Inc ($81.8m), Riseboro Community Partnership Inc ($82.1m) and Interchurch Medical Assistance Inc ($81.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 108% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $2.7m (3.0% of expenses). Other salaries and wages came to $9.8m. It paid $2.3m in professional fundraising fees. At year end it held assets of $120.3m against liabilities of $9.8m, net assets of $110.5m. It reported 205 employees.