North Texas Food Bank

Analysis

North Texas Food Bank is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in December 1981, 45 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, North Texas Food Bank reported income of $211.2m and spending of $215.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $144.7m to $211.2m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Texas 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 Burrell Inc ($211.1m), HSHS Medical Group Inc ($211.7m) and University of B C Staff Pension Plan ($209.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $1.2m (0.6% of expenses). Other salaries and wages came to $12.8m. It paid $2.2m in professional fundraising fees. At year end it held assets of $170.8m against liabilities of $30.5m, net assets of $140.4m. It reported 275 employees.