St Louis Area Food Bank Inc

Analysis

St Louis Area Food Bank Inc is a registered charity in United States, based in Bridgeton, MO. It received its IRS tax-exemption ruling in June 1982, 44 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 June 2023, St Louis Area Food Bank Inc reported income of $106.0m and spending of $107.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.1m to $106.0m (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Louis Area Food Bank 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 MO. Charities of a similar size with the same main cause include Foodbank Council of Michigan Inc ($105.5m), Heritage Foundation ($106.3m) and Judicial Watch Inc ($104.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $389k (0.4% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $43.3m against liabilities of $3.5m, net assets of $39.8m. It reported 118 employees.