Capital Area Food Bank

Analysis

Capital Area Food Bank is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1980, 46 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, Capital Area Food Bank reported income of $113.9m and spending of $111.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $73.1m to $113.9m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 97%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Capital Area Food Bank sits at the 100th 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 DC. Charities of a similar size with the same main cause include Bronxworks Inc ($113.5m), Central Florida Cares Health System Inc ($114.1m) and Sunrise Community Inc ($113.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $1.2m (1.1% of expenses). Other salaries and wages came to $12.8m. It paid $1.6m in professional fundraising fees. At year end it held assets of $69.8m against liabilities of $14.7m, net assets of $55.1m. It reported 218 employees.