Eastern Illinois Foodbank

Analysis

Eastern Illinois Foodbank is a registered charity in United States, based in Urbana, IL. It received its IRS tax-exemption ruling in October 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 June 2023, Eastern Illinois Foodbank reported income of $22.8m and spending of $22.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.7m to $22.8m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastern 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 Cape Abilities Inc ($22.7m), Glacier Hills Inc ($22.8m) and Sierra Vista Child & Family Services ($22.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $139k (0.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $13.2m against liabilities of $731k, net assets of $12.5m. It reported 39 employees.