Arkansas Foodbank

Analysis

Arkansas Foodbank is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 1984, 42 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 2022, Arkansas Foodbank reported income of $74.2m and spending of $76.5m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $48.8m to $74.2m (+52%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 65%. 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, Arkansas Foodbank 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 AR. Charities of a similar size with the same main cause include United Migrant Opportunity Services Incorporated ($74.1m), Bhi Senior Living Inc ($74.2m) and Loretto Independent Living Services Inc ($74.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 17% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $577k (0.8% of expenses). Other salaries and wages came to $3.6m. It paid $659k in professional fundraising fees. At year end it held assets of $42.9m against liabilities of $889k, net assets of $42.0m. It reported 118 employees.