Billings Food Bank Inc

Analysis

Billings Food Bank Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in August 1987, 39 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 June 2023, Billings Food Bank Inc reported income of $29.1m and spending of $29.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $34.6m to $29.1m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2023, when income dropped by 59%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Billings 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 99th percentile within MT. Charities of a similar size with the same main cause include Eisenberg Village of the Los Angeles Jewish Home for the Aging ($29.1m), York County Community Action Corp ($29.1m) and Americas Second Harvest of the Big Bend Inc ($29.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (0.4% of expenses). Other salaries and wages came to $133k. It paid $22k in professional fundraising fees. At year end it held assets of $6.8m against liabilities of $87k, net assets of $6.7m. It reported 13 employees.