Food Bank of Northeast Louisiana Inc

Analysis

Food Bank of Northeast Louisiana Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover human services, 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 June 2023, Food Bank of Northeast Louisiana Inc reported income of $10.5m and spending of $10.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $10.5m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 84% 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 Louisiana Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Licking County Family YMCA ($10.5m), Wesley Woods of Newnan-Peachtree City Inc ($10.5m) and Jewish Family Services of Western New York ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $82k (0.8% of expenses). Other salaries and wages came to $593k. It paid $124k in professional fundraising fees. At year end it held assets of $10.6m against liabilities of $267k, net assets of $10.3m. It reported 21 employees.