Food Bank of Eastern New Mexico Inc

Analysis

Food Bank of Eastern New Mexico Inc is a registered charity in United States, based in Clovis, NM. It received its IRS tax-exemption ruling in July 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 Eastern New Mexico Inc reported income of $3.3m and spending of $2.9m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.3m to $3.3m (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to June 2023, when income rose by 44%. 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, Food Bank of Eastern New Mexico Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NM. Charities of a similar size with the same main cause include Hope Ignites ($3.3m), Agriculture and Land Based Training Association ($3.3m) and Wiseplace ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $54k (1.9% of expenses). Other salaries and wages came to $196k. At year end it held assets of $1.6m against liabilities of $8,012, net assets of $1.6m. It reported 7 employees.