All Faiths Food Bank Inc

Analysis

All Faiths Food Bank Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in September 1989, 37 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, All Faiths Food Bank Inc reported income of $50.0m and spending of $47.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.8m to $50.0m (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, All Faiths Food Bank Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Denver Rescue Mission ($50.0m), Young Mens Christian Association of Orange County ($50.1m) and Lenbrook Square Foundation Inc ($49.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $743k (1.6% of expenses). Other salaries and wages came to $3.7m. It paid $89k in professional fundraising fees. At year end it held assets of $38.6m against liabilities of $1.1m, net assets of $37.5m. It reported 86 employees.