South Plains Food Bank Inc

Analysis

South Plains Food Bank Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in October 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 September 2023, South Plains Food Bank Inc reported income of $28.0m and spending of $26.5m, spending 95% of its income. Across the 5 years on record, from March 2020 to September 2023, income grew from $18.7m to $28.0m (+50%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 155%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Plains Food Bank Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Waypoint ($28.0m), Girls Who Code Inc ($28.0m) and Stonehill Franciscan Services ($27.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $26.7m against liabilities of $134k, net assets of $26.5m. It reported 138 employees.