Southeast Texas Food Bank

Analysis

Southeast Texas Food Bank is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover human services, 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, Southeast Texas Food Bank reported income of $26.4m and spending of $25.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.8m to $26.4m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Texas Food Bank 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 Brightspark Early Learning Services ($26.4m), Indiana Youth Institute Inc ($26.5m) and Young Mens Christian Association of Central Massachusetts ($26.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $91k (0.4% of expenses). At year end it held assets of $19.5m against liabilities of $978k, net assets of $18.5m. It reported 39 employees.