The Banquet

Analysis

The Banquet is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in September 2004, 22 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, The Banquet reported income of $2.0m and spending of $1.6m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.7m to $2.0m (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Banquet sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within SD. Charities of a similar size with the same main cause include St James Social Service Corporation ($2.0m), Securefutures Foundation Inc ($2.0m) and Youth Shelter Program of Westchester Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $561k. At year end it held assets of $6.3m against liabilities of $77k, net assets of $6.2m. It reported 17 employees.