The Food Bank of Central Louisiana Inc

Analysis

The Food Bank of Central Louisiana Inc is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in March 1990, 36 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 June 2023, The Food Bank of Central Louisiana Inc reported income of $14.5m and spending of $15.2m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $14.5m (+46%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Food Bank of Central Louisiana Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Abraham Joshua Heschel Day School ($14.5m), Partnership with Children Inc ($14.5m) and Blue Ridge Health Center Inc ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $11.7m against liabilities of $361k, net assets of $11.3m. It reported 80 employees.