Gleaners Food Bank of Indiana Inc

Analysis

Gleaners Food Bank of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 1980, 46 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 September 2023, Gleaners Food Bank of Indiana Inc reported income of $187.4m and spending of $183.2m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $86.7m to $187.4m (+116%), an average of +21% a year. The sharpest change came in the year to September 2020, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gleaners Food Bank of Indiana Inc 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 100th percentile, and in the 100th percentile within IN. Charities of a similar size with the same main cause include Bethany Christian Services Inc ($181.5m), Carleton University Retirement Plan S1s 5b6 ($196.6m) and Prohealth Care Inc ($177.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $583k (0.3% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $71.9m against liabilities of $14.4m, net assets of $57.5m. It reported 143 employees.