Food Bank of Eastern Michigan Inc

Analysis

Food Bank of Eastern Michigan Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in March 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 September 2023, Food Bank of Eastern Michigan Inc reported income of $60.9m and spending of $63.3m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $53.3m to $60.9m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2020, when income rose by 52%. 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, Food Bank of Eastern Michigan Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Crossroads Young Mens Christian Association Inc ($60.6m), Ohio Association of Foodbanks ($60.9m) and Skills of Central Pennsylvania Inc ($60.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $408k (0.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $36.3m against liabilities of $3.7m, net assets of $32.6m. It reported 175 employees.