Manna Food Bank

Analysis

Manna Food Bank is a registered charity in United States, based in Mills River, NC. It received its IRS tax-exemption ruling in January 1984, 42 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, Manna Food Bank reported income of $37.9m and spending of $36.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.5m to $37.9m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Manna Food Bank sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Plymouth Place Inc ($37.9m), Guiding Eyes for the Blind Inc ($37.9m) and Life Circles ($37.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $351k (1.0% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $29.7m against liabilities of $1.3m, net assets of $28.4m. It reported 89 employees.