Chattanooga Area Food Bank Inc

Analysis

Chattanooga Area Food Bank Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in February 1973, 53 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, Chattanooga Area Food Bank Inc reported income of $33.9m and spending of $32.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.9m to $33.9m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chattanooga Area Food Bank 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 TN. Charities of a similar size with the same main cause include The Arc Mercer Inc ($33.9m), Strategies to End Homelessness Inc ($34.0m) and The Elizabeth Hospice Inc ($33.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $239k (0.7% of expenses). Other salaries and wages came to $2.2m. It paid $299k in professional fundraising fees. At year end it held assets of $15.7m against liabilities of $737k, net assets of $14.9m. It reported 67 employees.