Food Bank of Northeast Georgia Inc

Analysis

Food Bank of Northeast Georgia Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in August 1991, 35 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, Food Bank of Northeast Georgia Inc reported income of $32.0m and spending of $26.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.2m to $32.0m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 38%. 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, Food Bank of Northeast Georgia Inc sits at the 98th 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 98th percentile within GA. Charities of a similar size with the same main cause include Mercy Drive Inc ($32.0m), Hope Hospice and Community Services Inc ($32.0m) and Youth Development Inc ($32.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $118k (0.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $23.0m against liabilities of $2.6m, net assets of $20.4m. It reported 45 employees.