Foodbank for the Heartland

Analysis

Foodbank for the Heartland is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 1983, 43 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, Foodbank for the Heartland reported income of $54.4m and spending of $45.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.6m to $54.4m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foodbank for the Heartland 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 NE. Charities of a similar size with the same main cause include Gator Boosters Inc ($54.4m), Eastern Mennonite University ($54.7m) and Amikids Inc ($54.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $386k (0.9% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $35.3m against liabilities of $8.9m, net assets of $26.4m. It reported 93 employees.