Toledo Northwestern Ohio Foodbank Inc

Analysis

Toledo Northwestern Ohio Foodbank Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in September 1984, 42 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 December 2022, Toledo Northwestern Ohio Foodbank Inc reported income of $11.9m and spending of $9.9m, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $14.0m to $11.9m (-15%), an average of -5.1% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Toledo Northwestern Ohio Foodbank Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Nebraska Childrens Home Society Inc ($11.9m), A Better Way Inc ($11.9m) and Bethshan Association ($11.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Other salaries and wages came to $367k. At year end it held assets of $14.7m against liabilities of $141k, net assets of $14.6m. It reported 23 employees.