Food Bank of Iowa

Analysis

Food Bank of Iowa is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in September 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 June 2023, Food Bank of Iowa reported income of $47.2m and spending of $40.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.8m to $47.2m (+76%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Iowa sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Life Care Ponte Vedra Inc ($47.2m), Friendship Village of South County ($47.2m) and Easterseals Blake Foundation ($47.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $236k (0.6% of expenses). Other salaries and wages came to $2.5m. It paid $114k in professional fundraising fees. At year end it held assets of $39.6m against liabilities of $968k, net assets of $38.7m. It reported 47 employees.