North Country Food Bank Inc

Analysis

North Country Food Bank Inc is a registered charity in United States, based in E Grand Forks, MN. 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, North Country Food Bank Inc reported income of $11.8m and spending of $11.7m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.4m to $11.8m (+3.9%), an average of +0.9% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Country Food Bank Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Second Harvest Community Food Bank ($11.8m), North Country School Inc ($11.8m) and Bass River Day Activity Program Inc ($11.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $131k (1.1% of expenses). Other salaries and wages came to $568k. It paid $208k in professional fundraising fees. At year end it held assets of $6.2m against liabilities of $649k, net assets of $5.6m. It reported 16 employees.