Georgia Food Bank Association Inc

Analysis

Georgia Food Bank Association Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Georgia Food Bank Association Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $629k to $1.1m (+75%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 669%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Georgia Food Bank Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Homes for Black Children ($1.1m), Belfast Area Child Care Services Inc ($1.1m) and Lexington Hearing and Speech Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $170k (16% of expenses). Other salaries and wages came to $72k. At year end it held assets of $782k against liabilities of $224k, net assets of $558k. It reported 5 employees.