Food Bank of Northeast Arkansas

Analysis

Food Bank of Northeast Arkansas is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Food Bank of Northeast Arkansas reported income of $16.7m and spending of $16.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.0m to $16.7m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Northeast Arkansas sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AR. Charities of a similar size with the same main cause include Give Foundation Inc ($16.7m), Miami Lighthouse for the Blind and Visually Impaired Inc ($16.7m) and Ahavat Yisroel Humanity Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $87k (0.5% of expenses). Other salaries and wages came to $804k. It paid $112k in professional fundraising fees. At year end it held assets of $16.2m against liabilities of $113k, net assets of $16.1m. It reported 25 employees.