Food Bank of the Lakelands

Analysis

Food Bank of the Lakelands is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in April 2012, 14 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 December 2023, Food Bank of the Lakelands reported income of $864k and spending of $851k, spending 99% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $532k to $864k (+63%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of the Lakelands sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Sierra Senior Services ($864k), Band of Parents Inc ($864k) and Commission 127 Inc ($864k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $66k (7.7% of expenses). Other salaries and wages came to $46k. At year end it held assets of $239k against liabilities of $709, net assets of $239k. It reported 5 employees.