Central Illinois Foodbank

Analysis

Central Illinois Foodbank is a registered charity in United States, based in Springfield, IL. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Central Illinois Foodbank reported income of $22.5m and spending of $19.3m, spending 86% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $17.7m to $22.5m (+27%), an average of +6.2% a year. The sharpest change came in the year to May 2021, when income rose by 32%. 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, Central Illinois Foodbank sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Hospice of Southern Maine ($22.5m), Jewish Community Service Inc ($22.5m) and Whites Residential and Family Services Inc ($22.5m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 94% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $335k (1.7% of expenses). Other salaries and wages came to $823k. At year end it held assets of $17.4m against liabilities of $824k, net assets of $16.5m. It reported 21 employees.