Northwest Arkansas Food Bank

Analysis

Northwest Arkansas Food Bank is a registered charity in United States, based in Lowell, AR. It received its IRS tax-exemption ruling in December 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northwest Arkansas Food Bank reported income of $34.1m and spending of $25.8m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.1m to $34.1m (+88%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Arkansas Food Bank 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 98th percentile, and in the 98th percentile within AR. Charities of a similar size with the same main cause include San Diego Comic Convention ($34.1m), Amateur Athletic Union of the US Inc ($34.2m) and Kettering Adventist Healthcare ($34.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $291k (1.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $32.6m against liabilities of $1.1m, net assets of $31.5m. It reported 49 employees.