Central Texas Food Bank Inc

Analysis

Central Texas Food Bank Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover food, agriculture and nutrition, 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 September 2023, Central Texas Food Bank Inc reported income of $116.3m and spending of $111.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $93.0m to $116.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2020, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Texas 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 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Presbyterian Manors Inc ($115.9m), Early Learning Coalition of Pinnellas County Inc ($116.5m) and Council on Aging of Southwestern Ohio ($115.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $765k (0.7% of expenses). Other salaries and wages came to $8.3m. It paid $24k in professional fundraising fees. At year end it held assets of $104.8m against liabilities of $5.6m, net assets of $99.2m. It reported 207 employees.