Food Bank of Northwest Indiana Inc

Analysis

Food Bank of Northwest Indiana Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in May 1983, 43 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 2023, Food Bank of Northwest Indiana Inc reported income of $18.5m and spending of $17.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.3m to $18.5m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Northwest Indiana Inc sits at the 97th percentile: it is larger than about 96% 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 Vna Care Hospice Inc ($18.5m), United Help Ukraine ($18.5m) and Bair Foundation of Pennsylvania ($18.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $131k (0.7% of expenses). Other salaries and wages came to $1.3m. It paid $204k in professional fundraising fees. At year end it held assets of $14.8m against liabilities of $342k, net assets of $14.5m. It reported 47 employees.