Tri State Food Bank Inc

Analysis

Tri State Food Bank Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in November 1982, 44 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 June 2024, Tri State Food Bank Inc reported income of $31.1m and spending of $31.2m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $22.2m to $31.1m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri State Food Bank Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include New York Junior Tennis League Inc ($31.1m), Bipartisan Policy Center Inc ($31.2m) and Navy-Marine Corps Relief Society ($31.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $112k (0.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $10.7m against liabilities of $1.4m, net assets of $9.3m. It reported 45 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.