Food Bank of Abilene Inc

Analysis

Food Bank of Abilene Inc is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in November 1983, 43 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 December 2023, Food Bank of Abilene Inc reported income of $13.0m and spending of $8.9m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $13.0m (+111%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of Abilene Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include James L West Presbyterian Special Care Center ($13.0m), Interfaith Nutrition Network ($13.0m) and The Arc of Butte County ($13.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.4% of the total. Other salaries and wages came to $744k. It paid $88k in professional fundraising fees. At year end it held assets of $13.5m against liabilities of $835k, net assets of $12.7m. It reported 14 employees.