Midwest Food Bank NFP Inc

Analysis

Midwest Food Bank NFP Inc is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, 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 December 2023, Midwest Food Bank NFP Inc reported income of $506.0m and spending of $503.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $278.0m to $506.0m (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midwest Food Bank NFP 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 100th percentile, and in the 100th percentile within IL. Charities of a similar size with the same main cause include Sutter Visiting Nurse Association and Hospice ($491.9m), Central Valley Regional Center Inc ($522.4m) and Golden Gate Regional Center Inc ($485.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $757k (0.2% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $76.8m against liabilities of $5.2m, net assets of $71.6m. It reported 76 employees.