Food Depot

Analysis

Food Depot is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 1994, 32 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 June 2023, Food Depot reported income of $22.9m and spending of $22.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $22.9m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 29%. 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 Depot sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 99th percentile within NM. Charities of a similar size with the same main cause include Baptist Home Association of the Rocky Mountain Inc ($22.9m), Homeless Services Network of Central Florida Inc ($22.9m) and Northwood Childrens Home Society Inc ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $183k (0.8% of expenses). Other salaries and wages came to $2.6m. It paid $205k in professional fundraising fees. At year end it held assets of $15.5m against liabilities of $717k, net assets of $14.8m. It reported 64 employees.