South Michigan Food Bank

Analysis

South Michigan Food Bank is a registered charity in United States, based in Battle Creek, MI. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 December 2023, South Michigan Food Bank reported income of $26.2m and spending of $26.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.5m to $26.2m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Michigan Food Bank 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 98th percentile within MI. Charities of a similar size with the same main cause include B U I L D Incorporated ($26.2m), Foundation Health Services Inc ($26.2m) and Chaddock Attachment and Trauma Services ($26.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $140k (0.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.0m against liabilities of $203k, net assets of $6.8m. It reported 43 employees.