Houston Food Bank

Analysis

Houston Food Bank is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1984, 42 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, Houston Food Bank reported income of $298.5m and spending of $314.9m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $208.5m to $298.5m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2020, when income rose by 54%. 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, Houston Food Bank 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 New York State Industries for the Disabled Inc ($292.3m), Leesar Inc ($299.7m) and U S Committee for Refugees and Immigrants Inc ($291.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $1.5m (0.5% of expenses). Other salaries and wages came to $23.5m. At year end it held assets of $154.9m against liabilities of $17.9m, net assets of $137.0m. It reported 603 employees.