Food Bank of the Rockies

Analysis

Food Bank of the Rockies is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in October 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 2023, Food Bank of the Rockies reported income of $151.9m and spending of $151.5m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $143.2m to $151.9m (+6.1%), an average of +2.0% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank of the Rockies sits at the 100th 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 100th percentile within CO. Charities of a similar size with the same main cause include Woods Services Inc ($151.7m), National Council of Young Mens Christian Assns of the USA ($153.0m) and Childrens Home Society of California & Affiliated Chapters ($151.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $1.4m (0.9% of expenses). Other salaries and wages came to $11.7m. It paid $1.5m in professional fundraising fees. At year end it held assets of $94.6m against liabilities of $27.8m, net assets of $66.8m. It reported 275 employees.