Community Food Bank Inc

Analysis

Community Food Bank Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 1976, 50 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, Community Food Bank Inc reported income of $80.3m and spending of $80.7m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $128.6m to $80.3m (-38%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Food Bank 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 AZ. Charities of a similar size with the same main cause include Hopehealth Hospice & Palliative Care ($80.2m), Boston Health Care for the Homeless Program Inc ($80.3m) and Lutheran Homes of South Carolina Inc ($80.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $359k (0.4% of expenses). Other salaries and wages came to $8.8m. At year end it held assets of $56.3m against liabilities of $5.1m, net assets of $51.3m. It reported 212 employees.