Community Food Bank of Central Alabama

Analysis

Community Food Bank of Central Alabama is a registered charity in United States, based in Bessemer, AL. It received its IRS tax-exemption ruling in July 1983, 43 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 December 2023, Community Food Bank of Central Alabama reported income of $38.4m and spending of $33.6m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.2m to $38.4m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Food Bank of Central Alabama sits at the 99th 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 99th percentile within AL. Charities of a similar size with the same main cause include Community Action Committee of Pike County ($38.3m), Family & Community Services Inc ($38.4m) and Joliet Area Community Hospice Corporation ($38.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $139k (0.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $22.2m against liabilities of $420k, net assets of $21.8m. It reported 63 employees.