Food Bank of North Alabama

Analysis

Food Bank of North Alabama is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in January 1985, 41 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 September 2023, Food Bank of North Alabama reported income of $29.7m and spending of $29.1m, spending 98% of its income. Across the 3 years on record, from September 2019 to September 2023, income grew from $21.1m to $29.7m (+41%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 30%. 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, Food Bank of North Alabama 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 99th percentile within AL. Charities of a similar size with the same main cause include Children and Families First Delaware Inc ($29.7m), Delaware Hospice Inc ($29.7m) and National Diaper Bank Network ($29.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $103k (0.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $19.7m against liabilities of $4.2m, net assets of $15.6m. It reported 48 employees.