Harry Chapin Food Bank of Southwest Florida Inc

Analysis

Harry Chapin Food Bank of Southwest Florida Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in August 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 2024, Harry Chapin Food Bank of Southwest Florida Inc reported income of $81.5m and spending of $79.7m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $64.5m to $81.5m (+26%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harry Chapin Food Bank of Southwest Florida Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Catholic Charities Hawaii ($81.2m), Interchurch Medical Assistance Inc ($81.7m) and Feeding San Diego ($81.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $370k (0.5% of expenses). It paid $400k in professional fundraising fees. At year end it held assets of $33.0m against liabilities of $1.8m, net assets of $31.2m.