San Antonio Food Bank Inc

Analysis

San Antonio Food Bank Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 1980, 46 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, San Antonio Food Bank Inc reported income of $169.1m and spending of $179.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $144.3m to $169.1m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Antonio Food Bank Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include City Year Inc ($168.2m), Calstart Inc ($169.3m) and Med Centro Inc ($167.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $1.6m (0.9% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $91.5m against liabilities of $31.1m, net assets of $60.4m. It reported 355 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.