The Food Bank for Central & Northeast Missouri Inc

Analysis

The Food Bank for Central & Northeast Missouri Inc is a registered charity in United States, based in Columbia, MO. It received its IRS tax-exemption ruling in August 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 December 2023, The Food Bank for Central & Northeast Missouri Inc reported income of $54.8m and spending of $55.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54.7m to $54.8m (+0.1%), an average of +0.0% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Food Bank for Central & Northeast Missouri Inc sits at the 99th 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 98th percentile within MO. Charities of a similar size with the same main cause include CDS Monarch Inc ($54.7m), Everyage ($54.9m) and Road to Responsibility Inc ($54.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $238k (0.4% of expenses). Other salaries and wages came to $3.1m. It paid $377k in professional fundraising fees. At year end it held assets of $24.8m against liabilities of $4.8m, net assets of $20.0m. It reported 104 employees.