Montana Food Bank Network Inc

Analysis

Montana Food Bank Network Inc is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in September 1984, 42 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 June 2024, Montana Food Bank Network Inc reported income of $36.1m and spending of $33.0m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $25.9m to $36.1m (+39%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montana Food Bank Network 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 99th percentile within MT. Charities of a similar size with the same main cause include Trezevant Episcopal Home ($36.1m), Advocates Inc ($36.2m) and Fellowship Health Resources Inc ($36.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $148k (0.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $16.0m against liabilities of $1.5m, net assets of $14.5m. It reported 33 employees.