Regional East Texas Food Bank

Analysis

Regional East Texas Food Bank is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in July 1988, 38 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, Regional East Texas Food Bank reported income of $61.1m and spending of $57.5m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $40.6m to $61.1m (+51%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Regional East Texas Food Bank sits at the 99th 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 99th percentile within TX. Charities of a similar size with the same main cause include Arizona Behavioral Health Corporation ($61.0m), Medstar Health Visiting Nurse Association Inc ($61.3m) and Health Resources in Action Inc ($60.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $234k (0.4% of expenses). Other salaries and wages came to $3.5m. It paid $323k in professional fundraising fees. At year end it held assets of $36.5m against liabilities of $2.3m, net assets of $34.2m. It reported 83 employees.