Food Bank News Inc

Analysis

Food Bank News Inc is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in April 2019, 7 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 News Inc reported income of $91k and spending of $72k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $92k to $91k (-1.0%), an average of -1.0% a year. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank News Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Project Care ($91k), Up From Slavery Initiative ($91k) and 43 North Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 38% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.