Food Bank of Lincoln Inc

Analysis

Food Bank of Lincoln Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 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 June 2024, Food Bank of Lincoln Inc reported income of $20.3m and spending of $21.2m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $23.2m to $20.3m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Lincoln Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NE. Charities of a similar size with the same main cause include Channel One Inc ($20.3m), Presbyterian Homes & Family Services Inc ($20.3m) and Jewish Family Service of Colorado Inc ($20.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $384k (1.8% of expenses). Other salaries and wages came to $1.6m. It paid $273k in professional fundraising fees. At year end it held assets of $18.3m against liabilities of $815k, net assets of $17.5m. It reported 42 employees.