Food Bank of the Rio Grande Valley Inc

Analysis

Food Bank of the Rio Grande Valley Inc is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in August 1986, 40 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, Food Bank of the Rio Grande Valley Inc reported income of $39.8m and spending of $39.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $79.6m to $39.8m (-50%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 40%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Food Bank of the Rio Grande Valley Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Center for Human Services Inc ($39.8m), South Central Human Resource Agency Inc ($39.8m) and Catholic Charities- Diocese of Metuchen ($39.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $23.0m against liabilities of $3.1m, net assets of $19.9m. It reported 113 employees.