Regional Food Bank of Northeast Florida Inc

Analysis

Regional Food Bank of Northeast Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2014, 12 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, Regional Food Bank of Northeast Florida Inc reported income of $74.2m and spending of $70.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35.5m to $74.2m (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Regional Food Bank of Northeast Florida 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 99th percentile within FL. Charities of a similar size with the same main cause include Bhi Senior Living Inc ($74.2m), The Bridge Inc ($74.5m) and Arkansas Foodbank ($74.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $628k (0.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $33.9m against liabilities of $4.4m, net assets of $29.5m. It reported 151 employees.