Mid-South Food Bank

Analysis

Mid-South Food Bank is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 1988, 38 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, Mid-South Food Bank reported income of $71.8m and spending of $73.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.4m to $71.8m (+103%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 87%. 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, Mid-South Food Bank 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 TN. Charities of a similar size with the same main cause include Albright Care Services ($71.5m), Hospice of Michigan Inc ($72.2m) and Catholic Charities of Louisville Inc ($71.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $345k (0.5% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $41.0m against liabilities of $1.8m, net assets of $39.2m. It reported 161 employees.