Northshore Food Bank

Analysis

Northshore Food Bank is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in November 1985, 41 years ago. 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, Northshore Food Bank reported income of $3.0m and spending of $2.4m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.0m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northshore Food Bank sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include First Baptist Church Endowment Fund Incorporated ($3.0m), Greater Richmond Partnership Inc ($3.0m) and International Public Management Association for Human Resources ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $102k (4.3% of expenses). Other salaries and wages came to $431k. At year end it held assets of $6.8m against liabilities of $54k, net assets of $6.7m. It reported 16 employees.