River Bend Food Reservoir

Analysis

River Bend Food Reservoir is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in January 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, River Bend Food Reservoir reported income of $39.1m and spending of $35.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $40.1m to $39.1m (-2.3%), an average of -0.6% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, River Bend Food Reservoir sits at the 99th 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 99th percentile within IA. Charities of a similar size with the same main cause include Misericordia Foundation ($39.1m), Trustees of the Masonic Hall and Asylum Fund ($39.2m) and BPH Holding Co Inc ($39.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $332k (0.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $31.2m against liabilities of $3.8m, net assets of $27.3m. It reported 59 employees.