Heart of Alabama Food Bank

Analysis

Heart of Alabama Food Bank is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in August 1987, 39 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, Heart of Alabama Food Bank reported income of $34.0m and spending of $34.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $49.1m to $34.0m (-31%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 49%. 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, Heart of Alabama Food Bank 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 Behavioral Health Services of Somerset and Bedford Counties ($34.0m), Suncoast Pace Inc ($34.0m) and Strategies to End Homelessness Inc ($34.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Other salaries and wages came to $2.2m. It paid $189k in professional fundraising fees. At year end it held assets of $22.1m against liabilities of $2.0m, net assets of $20.1m. It reported 63 employees.