Blue Ridge Area Food Bank Inc

Analysis

Blue Ridge Area Food Bank Inc is a registered charity in United States, based in Verona, VA. It received its IRS tax-exemption ruling in February 1981, 45 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, Blue Ridge Area Food Bank Inc reported income of $64.2m and spending of $62.6m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $58.6m to $64.2m (+9.7%), an average of +3.1% a year. 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, Blue Ridge Area 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 VA. Charities of a similar size with the same main cause include Goodwill Industries Inc ($63.9m), Florida Radiology Imaging at Lake Mary LLC ($64.2m) and Old Colony Elder Services Inc ($63.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $1.0m (1.7% of expenses). Other salaries and wages came to $3.4m. It paid $218k in professional fundraising fees. At year end it held assets of $34.2m against liabilities of $3.1m, net assets of $31.1m. It reported 81 employees.