Foodbank Council of Michigan Inc

Analysis

Foodbank Council of Michigan Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in May 1984, 42 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 September 2023, Foodbank Council of Michigan Inc reported income of $105.5m and spending of $105.5m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $78.5m to $105.5m (+34%), an average of +7.7% a year. The sharpest change came in the year to September 2020, when income rose by 59%. 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, Foodbank Council of Michigan Inc sits at the 100th 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 Judicial Watch Inc ($104.3m), St Louis Area Food Bank Inc ($106.0m) and The Chicago School - California Inc ($104.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $231k (0.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.8m against liabilities of $4.2m, net assets of $1.6m. It reported 21 employees.