Smyrna-Lavergne Food Bank

Analysis

Smyrna-Lavergne Food Bank is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Smyrna-Lavergne Food Bank reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $2.0m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to June 2020, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Smyrna-Lavergne Food Bank sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Lincoln County Resource Board ($2.0m), Par ($2.0m) and Serving Our Seniors ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $139k (7.0% of expenses). Other salaries and wages came to $122k. At year end it held assets of $1.2m against liabilities of $29k, net assets of $1.2m. It reported 14 employees.